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DUBAI, Oct 24 (Reuters) - Abu Dhabi Islamic Bank
ADIB.AD
(ADIB) on Monday posted a 1.1 percent rise in third-quarter net profit.
The emirate's largest sharia-compliant bank made a net profit of 508.9 million dirhams ($138.6 million) in the three months ending Sept. 30, compared to 503.2 million dirhams in the same period a year ago, it said in a statement.
EFG Hermes forecast the bank would make a net profit of 494.5 million dirhams in the quarter.
Earlier this month, ADIB chief executive Tirad al-Mahmoud told Reuters the bank's earnings performance in the second half of this year would be similar to the opening six months of 2016.
($1 = 3.6726 UAE dirham)
(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The emirate's largest sharia-compliant bank made a net profit of 508.9 million dirhams ($138.6 million) in the three months ending Sept. 30, compared to 503.2 million dirhams in the same period a year ago, it said in a statement.
EFG Hermes forecast the bank would make a net profit of 494.5 million dirhams in the quarter.
Earlier this month, ADIB chief executive Tirad al-Mahmoud told Reuters the bank's earnings performance in the second half of this year would be similar to the opening six months of 2016.
($1 = 3.6726 UAE dirham)
(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
