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QIB s Digital Journey: From Traditional Banking To A Digital Ecosystem
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QIB s digital journey: From traditional banking to a digital ecosystem
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ABU DHABI, 27th January, 2022 (WAM) First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year for the full year ended 31st December 2021.
Group revenue was up 17 percent supported by solid trading performance and growth in fee-generating business, helping to offset headwinds from low-interest rates. Operating expenses were up year-on-year, reflecting ongoing investments in digital and strategic initiatives and the inclusion of Bank Audi Egypt.
Asset quality metrics.
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