Abu Dhabi Islamic Bank's CEO resigns after about one year in the role

Sandeep Chouhan was named acting chief executive.

  
Men walk past a branch of Abu Dhabi Islamic Bank along Khalid Bin Al-Waleed Road in Dubai May 30, 2010.

Men walk past a branch of Abu Dhabi Islamic Bank along Khalid Bin Al-Waleed Road in Dubai May 30, 2010.

REUTERS/Mosab Omar

DUBAI- The chief executive of Abu Dhabi Islamic Bank, Mazin Manna, has resigned, the bank said on Sunday, after being in the job for just over a year.

Manna, who previously worked at Citibank and Credit Agricole, was named ADIB's CEO in February 2019.

The bank, which did not give a reason for the resignation, said Sandeep Chouhan was named acting chief executive.

ADIB recently reported a 55% drop in first-quarter net profit, as credit provisions and impairment charges more than doubled, citing the challenging operating environment due to the coronavirus pandemic.

(Reporting by Saeed Azhar, editing by Davide Barbuscia) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))