Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Abu Dhabi Islamic Bank Sees 18% Profit Jump in Q1

Abu Dhabi Islamic Bank Sees 18% Profit Jump in Q1

UAE-based Abu Dhabi Islamic Bank (ADIB) reported an 18% YoY increase in consolidated net profits to AED 715mn ($192.7mn) during Q1 2022. Total revenues rose to AED 1.5bn ($410mn), up 6% YoY, driven by a 12% increase in non-funded income to AED 620mn ($168.8mn) and a...
ADIB Profits More Than Double to $166mn

ADIB Profits More Than Double to $166mn

Abu Dhabi Islamic Bank  reported Q1 net profits of AED 608mn ($165mn), up 125% YoY with a revenue increase of 3.3% YoY to AED 1.336bn ($363 mn) and a non-funding income growth of 30%. The bank said it reduced operating expenses by 7% YoY and that total assets rose...
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