Abu Dhbai-Mubasher: Abu Dhabi Commercial Bank (ADCB) posted a 18.4% decline in its first-quarter profits, according to a statement.
Profits reached AED 1.02 billion ($278 million) in the first quarter of 2015, compared to AED 1.25 billion ($341 million) in the same quarter of 2015.
Total assets increased 12% to AED 232 billion ($63.16 billion) year-on-year (y-o-y).
Loans and advances rose 11% to AED 157 billion ($42.74 billion) y-o-y.
Customers’ deposits grew 15% to AED 147 billion ($40.02 billion) y-o-y..
ADCB fell 0.8% to AED 7.12, with a turnover of AED 2.5 million generated from the exchange of 353,200 shares.
