by Amruth Sundarkumar | Jul 19, 2021 | Banks
Abu Dhabi Commercial Bank (ADCB), National Bank of Kuwait (NBK) and Sharjah Islamic Bank reported strong results for the six months ended June. ADCB reported a 76% jump in net profits to AED 2.52bn ($690mn) in 1H2021. Non-interest income rose 41% YoY to AED 840mn...
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...
