ADIB- Egypt profits down 23% in 2015

Cairo – Mubasher: Abu Dhabi Islamic Bank (ADIB) Egypt reported a decline of 23% in net profits for 2015 to EGP 203 million, down from EGP 264 million a year earlier.

ADIB’s revenues grew 42% y-o-y in 2015 to EGP 1.35 billion.

The lender posted earlier for a drop in net profit for the first nine months of 2015 to EGP 147.2 million, down from EGP 213.5 million in the year-ago period.

Mubasher Contribution Time: 21-Feb-2016 09:39 (GMT)