ADCB in profit boost

7 Days in Dubai - - NEWS -

Abu Dhabi Com­mer­cial Bank (ADCB) has re­ported a net profit of Dhs3.153 bil­lion for the nine-month pe­riod end­ing Septem­ber 30, 2016. Ala’a Eraiqat, Group Chief Ex­ec­u­tive Of­fi­cer, said: “While the chal­leng­ing op­er­at­ing en­vi­ron­ment and the tur­bu­lent mar­kets have im­pacted the in­dus­try, our un­der­ly­ing per­for­mance and fun­da­men­tals re­main strong and we con­tinue to grow our busi­nesses. Our bal­ance sheet re­mains re­silient and regis­tered a healthy growth in net loans and cus­tomer de­posits year to date. We have con­fi­dence in the long-term growth of the UAE econ­omy. UAE is poised for sus­tained growth in the fu­ture.”

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