Thursday 27 July 2017 - 2:28 am
Emirates
2017 Jul 26 Wed, 11:40:19 pm

FAB reports First Half 2017 Group Net Profit of AED 5.49 billion

ABU DHABI, 26th July 2017 (WAM) - First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has reported consolidated pro-forma financial results for the first time post-merger, delivering a resilient performance amidst softer economic conditions. First Half 2017 Group Net Profit improved 4% year-on-year to AED 5.49 Billion, translating to annualised Earnings per Share of 97 fils. Solid revenues at AED 9.85 Billion and the realisation of substantial cost synergies post-merger, were key drivers behind this performance....