Wednesday 28 July 2021 - 8:47:37 pm
Business
2021 Jul 28 Wed, 05:44:45 pm

ADIB records an 89% surge in H1 2021 net profit to AED 1.1 billion

ABU DHABI, 28th July, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) delivered strong financial results for H1 2021, with net profit surging 89 percent year-on-year to AED 1,109 million from AED 588 million in H1 2020. The growth in net profit reflects the strong underlying performance across the business supported by a 3.4 percent growth in total revenue to AED 2,644 million compared to AED 2,557 million in the same period last year. Growth in revenue was driven by an increase in non-funding income...