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DUBAI / Reuters
Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest
income.
Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year earlier, it said in a statement.
The result was in line with a EFG Hermes forecast of AED1.09 billion while SICO Bahrain analysts had
forecast AED1.06 billion.
The bank was helped by a 10 percent rise in net interest and Islamic financing income, as well as a 5 percent rise in non-interest income.