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Abu Dhabi's ADCB Q4 net profit beats estimates

Five analysts polled by Reuters had expected the bank on average to earn 783.5 million dirhams in the quarter

Published: Updated:

Abu Dhabi Commercial Bank said on Sunday its fourth-quarter net profit rose 40 percent to 879 million dirhams ($237 million) from 628 million dirhams a year ago.

Five analysts polled by Reuters had expected the bank on average to earn 783.5 million dirhams in the quarter.

The United Arab Emirates' third-largest lender by market value said in a bourse statement that its full-year profit
attributed to equity holders rose to 3.37 billion dirhams last year from 2.74 billion dirhams in 2012.