| 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 reported on Wednesday.
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
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