ADCB Q4 net jumps 40pc, beats estimates
Abu Dhabi, January 26, 2014
Abu Dhabi Commercial Bank (ADCB) said on Sunday its fourth-quarter net profit rose 40 per cent to Dh879 million ($237 million) from Dh628 million a year ago.
Five analysts polled by Reuters had expected the bank on average to earn Dh783.5 million in the quarter.
The UAE's third-largest lender by market value said in a bourse statement that its full-year profit attributed to equity holders rose to Dh3.37 billion last year from Dh2.74 billion in 2012. - Reuters