DUBAI - Abu Dhabi Commercial Bank posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income.
Abu Dhabi's second-largest bank by assets made a net profit attributable to shareholders of 1.09 billion dirhams ($296 million) in the three months to Sept. 30, up from 999 million a year earlier, it said in a statement.
The result was in line with a EFG Hermes forecast of 1.09 billion dirhams while SICO Bahrain analysts had forecast 1.06 billion dirhams.
The bank was helped by a 10 percent rise in net interest and Islamic financing income, as well as a 5 percent rise in non-interest income.
($1 = 3.6729 UAE dirham)
(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
Abu Dhabi's second-largest bank by assets made a net profit attributable to shareholders of 1.09 billion dirhams ($296 million) in the three months to Sept. 30, up from 999 million a year earlier, it said in a statement.
The result was in line with a EFG Hermes forecast of 1.09 billion dirhams while SICO Bahrain analysts had forecast 1.06 billion dirhams.
The bank was helped by a 10 percent rise in net interest and Islamic financing income, as well as a 5 percent rise in non-interest income.
($1 = 3.6729 UAE dirham)
(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
