Profits rise as bad loan charges fall
Abu Dhabi Commercial Bank (ADCB) has reported a seven-fold increase in third-quarter profit as trading income at the UAE’s third-biggest bank rose and bad loan charges dropped, Bloomberg has reported. Net income rose to AED325m ($88m) from AED44m a year earlier. The lender’s non-interest income, including from trading, investments and fees, rose 37 per cent to AED574m.
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