Abu Dhabi Commercial Bank Q2 net profit rises 21 per cent

Abu Dhabi Commercial Bank on Tuesday posted a 21 per cent rise in second-quarter net profit, slightly beating analysts’ forecasts.

The fourth largest lender by market value in the UAE made a net profit attributable to shareholders of Dh1.28 billion in the three months to June 30, compared to Dh1.06bn in the corresponding period of the previous year, it said in a statement.

Analysts polled by Reuters had forecast an average net profit of Dh1.18bn.

For the first half of 2015, ADCB reported a net profit of Dh2.53bn, 26 per cent up from the same period of 2014.

More to follow.


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