Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) achieved an increase of 4% in net profits to AED 3.1 billion during the first quarter of 2019 compared to the same quarter last year, while it posted a quarter-on-quarter rise of 6% when compared to the fourth quarter of 2018.
Earnings per share (EPS) stood at AED 1.08 in Q1-19 compared to AED 1.06 in Q1-18, according to a press release on Monday.
Operating revenues rose by 1% to AED 4.9 billion in Q1-19 compared to Q1-18, while FAB posted a quarter-on-quarter increase of 3%.
FAB’s total assets by the end of Q1-19 totalled AED 733 billion, 8% up from Q1-18.
Customers deposits amounted to AED 433 billion by the end of Q1-19, a 7% year-on-year growth.
