Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) released its financial results for the first nine months of 2017, which showed that net profits decreased by 4% to AED 8.09 billion from AED 8.46 billion in the year-ago period.
FAB’s operational profits in the first three quarters of 2017 dropped 5% to AED 14.48 billion, compared to AED 15.20 billion in the comparative period of 2016, according to a filing to the Abu Dhabi Securities Exchange (ADX).
Earnings per share (EPS) reached AED 0.95 from January to September 2017 versus AED 1 in the first three quarters of 2016, the bank revealed.
The UAE-based bank’s net profits for the third quarter of 2017 declined by 18% year-on-year to AED 2.6 billion, while operational profits for Q3-17 fell 16% to AED 4.61 billion from AED 5.46 billion in Q3-16, FAB’s data showed.
