| 31.07.2009 - ADIB profits hurt by realty unit loss |
| From Gulfnews.com: Increased provisioning and a loss-recording real estate unit have forced Abu Dhabi Islamic Bank (ADIB) profits down by 30 per cent for the second quarter to Dh193 million. The bank recorded second-quarter provisions against bad loans of Dh171.4 million, bringing its first-half total to Dh247 million. ADIB's real estate arm, Burooj, recorded a first-half loss of Dh14.4 million, compared with almost Dh142 million in the same period last year..........Full Article: Source |