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FINANCIAL NEWS
Abu Dhabi Commercial Bank posts 10.4pct fall in revenue
21 Jul 2017
(MENAFN) Abu Dhabi Commercial Bank recorded a 10.4 percent drop in second quarter revenue as a result of higher impairments and lower non-interest income.
Moreover, the bank made revenue attributable to shareholders of USD275.2mn in the three months to June 30, compared to 1.13bn dirhams in the same period of 2016.
In addition, it booked impairments of 427.4mn dirhams in the cited period, compared to 350.8mn dirhams in the same period of last year.
Loans and advances reached 164.3bn dirhams against 158.5bn dirhams in the cited period of 2016, whereas customer deposits increased to 161.8bn dirhams.
MENAFN2107201700450000ID1095642595
MENAFN2107201700450000ID1095642595
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