Friday 18 September 2020

Abu Dhabi Commercial Q2 profit up 21pc

ABU DHABI, July 21, 2015

Abu Dhabi Commercial Bank on Tuesday posted a 21 per cent rise in second-quarter net profit, slightly beating analysts' forecasts.

The fourth largest lender by market value in the United Arab Emirates made a net profit attributable to shareholders of Dh1.28 billion ($349 million) in the three months to June 30, compared to Dh1.06 billion in the corresponding period of the previous year, it said in a statement.

Analysts polled by Reuters had forecast an average net profit of 1.18 billion dirhams.

For the first half of 2015, ADCB reported a net profit of Dh2.53 billion, 26 per cent up from the same period of 2014. – Reuters

Tags: Abu Dhabi Commercial Bank | Net Profit |

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