Abu Dhabi’s ACDB Posts 21% Rise in Q2 Net Profit

Abu Dhabi Commercial Bank on Tuesday posted a 21 percent rise in second-quarter net profit which slightly beat analysts’ forecasts, aided by lower loan impairments.
The fourth largest lender by market value in the United Arab Emirates made a net profit attributable to shareholders of 1.28 billion dirhams ($349 million) in the three months to June 30, compared to 1.06 billion dirhams in the corresponding period of the previous year, it said in a bourse statement. Details