Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 8.7% growth in net profits in the second quarter of 2017, according to a statement.
The bank’s net profit amounted to AED 551.6 million ($150.14 million) in Q2-17 from AED 507.5 million ($138.13 million) in Q2-16.
In the first half of 2017, ADIB recorded a 14% surge in net profits to reach AED 1.129 billion.
By the end of June 2017, the Emirati bank registered a 2.1% rise in customer numbers to more than 951,000 customers.
The bank achieved a 4.1% increase in net revenues in H1-17 to AED 2.782 billion, compared to AED 2.67 billion on H1-16.
ADIB reported a 7.5% year-on-year drop in total credit provisions to AED 216.4 million in Q2-17.
