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ADCB’s Profits Surge Over 5x to $300 Million

by bondevalue | Apr 26, 2021 | Investment Grade Bonds

Abu Dhabi Commercial Bank reported net profits of AED 1.12bn ($300mn) in Q1, up 436% YoY and 11% QoQ. Despite seeing net interest income at AED 2.12bn ($580mn), 24% lower YoY, profits were helped by operating expenses falling significantly by 20% YoY to AED 1.06bn...

ADCB’s Profits Surge Over 5x to $300 Million

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