Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB) reported a decline in profits in the fourth quarter of 2016 by 15.2% compared to the same period in 2015, as shown by the bank’s financial results.
According to the bank’s statement to the Abu Dhabi Securities Exchange (ADX), net profits reached AED 1.01 billion ($275 million) in Q4-16 compared to AED 1.19 billion ($323 million) in the same period the year before.
Annual net profits also decreased by 15.6% to AED 4.16 billion in 2016 down from AED 4.93 billion in 2015.
