by Amruth Sundarkumar | Apr 26, 2022 | Banks
UAE-based Abu Dhabi Commercial Bank (ADCB) reported a 32% YoY increase in net profits to AED 1.48bn($400mn) during the Q1 2022 driven by steady operating performance and lower cost of risk. Total income remained steady at AED 2.93bn ($800mn) against AED 2.92bn...
by Amruth Sundarkumar | Mar 10, 2022 | Banks
First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) strongly denied reports that they were in talks to merge their companies. Both the bank said that the report was “unsubstantiated” and “false”. ADCB said that it “categorically denies the false content of...
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...
