Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) reported a 19.8% year-on-year increase in its profits during the first quarter of 2017, according to a bourse filing.
Net profits reached AED 577.5 million ($157.2 million) in Q1-17, compared to AED 482 million ($131.2 million) in Q1-16.
Net revenues amounted to AED 1374.1 million in Q1-17, up 4.3% from AED 1317.3 million in Q1-16.
The bank achieved net profits of AED 1.95 billion in 2016, up 1% from AED 1.93 billion in 2015.
