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ADIB profits declined by 49% to 318 million dirhams in the second quarter of 2020.
According to CNBC Arabia, the bank’s profits fell in the first half by 52% to reach 587 million dirhams.
the bank attributed the decrease in profits to the increase in provisions for financing losses by 105% in the second half of the current year in addition to the decrease in revenues due to the current economic conditions.
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