Abu Dhabi Commercial Bank Q3 net profit falls 17 pct

The emirate's second-largest bank by assets made a net profit attributable to shareholders of $272 million in the three months to September 30, 2016.

Abu Dhabi Commercial Bank posted a 17 percent fall in third-quarter profit on Sunday, missing analysts' forecasts.

The emirate's second-largest bank by assets made a net profit attributable to shareholders of $272 million (999.1 million dirhams) in the three months to September 30, compared to 1.20 billion dirhams in the same period a year ago, according to its financial statement.

Total net profit for the quarter was 1.01 billion dirhams, down from 1.20 billion dirhams in the year earlier period.

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Last Update: Wednesday, 20 May 2020 KSA 12:04 - GMT 09:04
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