ADIB sees higher profits in H1-21

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) reported a surge in the net profits attributable to the equity holders to AED 1.108 billion during the first half (H1) of 2021, compared to AED 587.087 million in the year-ago period, as shown by the bank's consolidated interim financials for the six-month period ended 30 June.

The bank's operating income declined to AED 2.815 billion in H1-21 from AED 2.868 billion in the same half of 2020.

The bank's assets reached AED 130.608 billion as of 30 June 2021, up from AED 127.816 billion as of 31 December 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.27 in the first six months of 2021, versus AED 0.122 in the corresponding period of 2020.

During the second quarter (Q2) of 2021, the bank's net profits increased to AED 501.005 million, compared to AED 317.629 million in the year-ago period.

It is noteworthy to mention that during the first quarter (Q1) of 2021, ADIB reported net profits of AED 607.6 million, up by 125% year-on-year (YoY) from AED 269.7 million. 

Mubasher Contribution Time: 29-Jul-2021 07:23 (GMT)
Mubasher Last Update Time: 29-Jul-2021 07:23 (GMT)