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.
Follow The National’s Business section on Twitter