Abu Dhabi-Mubasher: Abu Dhabi Commercial Bank (ADCB) posted net profits of AED 1.19 billion ($323.98 million) in the fourth quarter of 2015, up 1.16% from AED 1.20 billion ($327 million) in the same quarter of 2014.
The bank’s profits rose 17% to reach AED 4.93 billion year-on-year (y-o-y) in the fiscal year 2015, according to a bourse filing on Sunday.
The bank’s board recommended cash dividends representing 47% of the bank’s profits and 45% of the capital for the fiscal year 2015.
The shareholders will meet on 1 March to discuss the board’s proposal.
Net profit attributable to equity shareholders increased to reach AED 4.92 billion y-o-y.
