Abu Dhabi Commercial Bank’s (ADCB) third-quarter (Q3) net profit jumped 25% to record AED1.591 billion ($430 million) YoY and its nine-month net rose 22% to AED4.65 billion).
ABU DHABI, 24th October, 2022 (WAM) Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the third quarter of 2022 (Q3’22).Solid earnings growth as UAE economy remains resilient against challenging global backdrop.During Q3’22 and compared to Q3’21, the bank recorded a net profit of AED 1.591 billion, an increase of 25 percent, a net interest income of AED 2.558 billion, rising by 17 percent, and a non-interest income of AED 952 million, a 31 percent increase, with its operating income surging.
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