| From Thenational.ae: Abu Dhabi Islamic Bank (ADIB) set aside more than Dh1 billion (US$272.2 million) in provisions in the final quarter of last year as the country’s second-largest Sharia-compliant lender said it was starting the year with a “clean slate”.
Overall provisions reached almost Dh1.5bn last year, cutting the bank’s full-year profit to Dh78m. ADIB had also set aside “voluntary” or general provisions, which are usually taken against still-performing loans.......................................Full Article: Source
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