First Abu Dhabi Bank's profits jump 46% in the third quarter, exceeding expectations

Today, Thursday, October 19, First Abu Dhabi Bank announced a 46% jump in third-quarter net profits, exceeding analysts’ expectations, thanks to higher income from interest payments from customers who paid more to borrow.

The largest bank in the UAE in terms of assets said that net profits jumped to 4.3 billion dirhams ($1.17 billion).

Analysts had expected profits of about 3.7 billion dirhams on average, according to London Stock Exchange data.

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First Abu Dhabi Bank's profits jump 46% in the third quarter, exceeding expectations

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