The financial statements of First Abu Dhabi Bank showed an increase in the bank's profits in the first nine months of this year by 26%, on an annual basis; To reach the end of the period to 9.2 billion dirhams.
According to the bank's results for the Abu Dhabi market, today, Thursday, the rise in profits was driven by an increase in the bank's operating income by 17%; To reach the end of the previous period of this year to 16 billion dirhams, in conjunction with the strong growth of non-interest income.
The first nine months of this year also witnessed an increase in operating costs compared to the same period in 2020, as a result of continuous investments in digital and strategic initiatives, as well as the calculation of business Bank Audi Egypt. The group maintained strong levels of liquidity, capital and asset quality.
The annual return on the bank's share amounted to about 1.09 dirhams, an increase of 29% compared to the same period last year.
In terms of the bank's results in the third quarter of this year, the quarterly profit amounted to about 3.9 billion dirhams, an increase of 54% compared to the profits of the same period of the previous year.
