Abu Dhabi Islamic Bank posts 4% rise in profit, assets grow by less than 1%
Abu Dhabi Islamic Bank reported a 4% rise in net profit to 2.601 billion dirhams ($708 million) from 2.501 billion dirhams in 2018.
The bank saw a small 0.6% growth in assets to reach 125.987 billion dirhams from 125.194 billion dirhams in 2018, the company reported in a statement on Abu Dhabi Securities Exchange on Thursday (Feb 13).
This asset growth is lower than the 1.75% registered for the aggregate of UAE’s Islamic banks, according to Salaam Gateway calculation of preliminary data from the central bank.
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