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Abu Dhabi Islamic Q1 net profit up 8pc

Abu Dhabi, May 7, 2013

 

Abu Dhabi Islamic Bank reported a first quarter net profit of Dh389.6 million ($106.07 million), up 8.1 per cent from the prior-year period, company statement said on Tuesday.
 
Group net profit for the quarter was Dh340.1 million, up 10.7 per cent.
 
Abu Dhabi's biggest sharia-compliant bank by market value said total credit provisions and impairments for 2012 stood at Dh156.8 million.-Reuters



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