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FinancialNews
29-01-18
Abu Dhabi Commercial Bank records 7 percent boost in net profit
(MENAFN) Abu Dhabi Commercial Bank has revealed it recorded an increase of 7% in net profit during 2017 fourth quarter.
Its profit has reached 1.07 billion dirhams in the three months to 31 December, from 1.0 billion dirhams during 2016 in the same period.
Furthermore, SICO Bahrain has declared its expectation for a 942.5 million dirhams fourth quarter profit, while EFG Hermes expects a 1.17 billion dirhams profit.
Net interest and Islamic financing profit also made in the fourth quarter 1.72 billion dirhams, recording a 9% increase compared to 2016 during the same period.
MENAFN2901201800450000ID1096401002
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