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Abu Dhabi Islamic Bank Q1 results boost share price

: Tuesday, April 22 - 2014 @ 18:27

The Abu Dhabi market index ADXGI finished one per cent higher at 5,191.82 points on Tuesday, April 22. Abu Dhabi Islamic Bank (ADIB) gained against the trend, closing 0.72 per cent higher at AED6.95. On Monday, the sixth largest bank by assets in the UAE said its net profit in the first three months this year amounted to AED409.5 million ($111.67m), an increase of 20.4 per cent year on year. According to ADIB CEO, Tirad Mahmoud, the bank has witnessed ample increases in both deposits (up 21.4 per cent) and “loans” (18.1 per cent higher).

 

Gérard Al-Fil

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Tuesday, April 22- 2014 @ 18:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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