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ADCB net profit jumps 47pc in Q3

Dubai, October 23, 2013

Abu Dhabi Commercial Bank (ADCB) reported a 47 per cent rise in third-quarter net profit on Wednesday, beating analysts' expectations, because of an increase in net interest income and lower provisions.

The bank posted a net profit of 920 million dirhams ($251 million) in the three months to September 30, up from 626 million dirhams a year ago, it said in a bourse statement.

Seven analysts polled by Reuters had estimated an average third-quarter profit of 772 million dirhams. - Reuters

Tags: profit | ADCB | Bank | Net | rise |

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