The bank explained in a statement on Wednesday that profits rose by 34 percent during the third quarter of this year, reaching 2.67 billion dirhams (about 726.9 million dollars) before tax deductions.
The bank’s profits amounted to 2.39 billion dirhams after deducting tax.
The bank said that income from operations increased by 11 percent, reaching 4.71 billion dirhams, and net interest income increased by 1 percent, reaching 3.14 billion dirhams.
During the first nine months of this year, the bank’s profits increased by 30 percent, reaching 7.7 billion dirhams before tax.
Net profits amounted to 6.8 billion dirhams after tax.
And he said Abu Dhabi Commercial Bank Income from operations reached 14 billion dirhams.
The bank said that income from operations reached 14 billion dirhams, and the cost-to-income ratio improved by 60 basis points to reach 31.9 percent.
