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ABU DHABI, April 30 (Reuters) - Abu Dhabi Commercial Bank
ADCB.AD
on Sunday posted an 8 percent rise in first-quarter profit, slightly above analysts' forecasts, helped by a double-digit percentage increase in non-interest income.
The emirate's second-largest bank by assets made a net profit attributable to shareholders of 1.10 billion dirhams ($299.7 million) in the three months to March 31, compared to 1.01 billion dirhams in the same period a year ago, according to its financial statement.
Three analysts polled by Reuters had on average forecast a net profit for the quarter of 995.3 million dirhams.
(Reporting By Stanley Carvalho, editing by Saeed Azhar) ((stanley.carvalho@thomsonreuters.com; + 9712 6444431; Reuters Messaging: stanley.carvalho.thomsonreuters.com@reuters.net))
The emirate's second-largest bank by assets made a net profit attributable to shareholders of 1.10 billion dirhams ($299.7 million) in the three months to March 31, compared to 1.01 billion dirhams in the same period a year ago, according to its financial statement.
Three analysts polled by Reuters had on average forecast a net profit for the quarter of 995.3 million dirhams.
(Reporting By Stanley Carvalho, editing by Saeed Azhar) ((stanley.carvalho@thomsonreuters.com; + 9712 6444431; Reuters Messaging: stanley.carvalho.thomsonreuters.com@reuters.net))
