The financial statements of Abu Dhabi Islamic Bank showed an increase in the bank's profits in the first nine months of this year by 43% on an annual basis, reaching 1.6 billion dirhams.
The bank said in a statement to the Abu Dhabi Financial Market, today, Monday, that the increase in profits during the comparative periods is due to the decline in the impairment allowance by 21% on an annual basis.< /p>
At the quarterly level, the bank recorded a profit of 493 million dirhams in the third quarter of this year, an increase of 8% year-on-year.
The bank's assets in the first nine months of this year amounted to about 133 billion dirhams, an increase of 4% compared to the same period in 2020.
