ICEC

Adib posts 12.8% profit rise on previous year

Abu Dhabi Islamic Bank (Adib) has posted a 12.8% rise in net profit to Dhs1.16bn, compared with Dhs1.02bn the previous year.
The group net revenue also saw solid growth with a 11.4% jump in 2011 to Dhs3.42bn from Dhs3.07bn a year earlier. Total credit provisions and impairments for 2011 rose 9.6% to Dhs821.1m compared with the year before.

Source: ameinfo

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