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Dubai / WAM
Abu Dhabi Islamic Bank (ADIB) reported a net profit of AED587.6 million and AED 2.5 billion in net revenue for H1 2020. In a statement, the bank said net revenue for H1-2020 decreased to AED2,556.6 million from AED2,887.1 million in H1 2019.
Jawaan Awaidah Al Khaili, Chairman of ADIB, said: “This period demonstrated the resilience of bank’s businesses and dedication of our employees as we remained focused on delivering
uninterrupted services to customers amidst a very challenging environment.â€
At the same time, we took mitigating steps to manage our risk while continuing to invest in initiatives that will support the growth of our business over coming years.