Sunday 14 February 2016
 
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ADCB

ADCB profit up 16pc as impairments shrink

Abu Dhabi Commercial Bank (ADCB) reported a 16 per cent rise in fourth-quarter net profit on Sunday, aided by higher revenue and lower impairments. The earnings continued a mixed fourth-quarter results season for UAE banks, with E

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Abu Dhabi Commercial Bank Q4 net up 16pc

Abu Dhabi Commercial Bank (ADCB) on Sunday posted a 16 per cent rise in fourth-quarter net profit. The emirate's third largest bank by assets made a net profit attributable to shareholders of Dh1.19 billion ($324 million) in t

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ADCB offers instant online loans

Abu Dhabi Commercial Bank (ADCB) is offering customers instant paperless pre-approved personal loans, available online from anywhere in the world and at any time of day or night, said a top official. ADCB’s pre-approved cust

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ADCB meets estimates with 18.3pc Q3 net profit gain

Abu Dhabi Commercial Bank (ADCB) on Sunday posted an 18.3 per cent rise in third-quarter net profit, broadly in line with analysts' forecasts, helped by higher interest income and lower impairments. The fourth-largest lender b

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Apple, ADCB among top intimate brands in UAE

Apple has emerged as the most intimate brand among UAE consumers, while Abu Dhabi Commercial Bank (ADCB) earned a place in the top ten alongside a collection of global names, said a major study. Lexus, Samsung and Mercedes are amo

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Abu Dhabi bank pulls US dollar bond

Abu Dhabi Commercial Bank (A/A+) has decided not to go ahead with a US dollar-denominated bond that it began marketing on Monday, as the transaction failed to get enough traction, according to a deal lead. "ADCB would like to

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RBS ends plan to sell UAE units to ADCB

Royal Bank of Scotland (RBS) has ended its plan to sell its UAE cash management and trade finance business to Abu Dhabi Commercial Bank (ADCB), sources familiar with the matter said on Monday. The sale would have been one of the l

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ADCB names new head of government clients

Abu Dhabi Commercial Bank (ADCB) has appointed Saoud Mohammed Al Jassem as the new head of Government Clients Division for Dubai and the Northern Emirates (DNE). In his new role, Saoud will lead the development of the Abu Dhabi le

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Cheap oil slows projects in Saudi Arabia, UAE

Low oil prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, Abu Dhabi Commercial Bank said on Thursday in a report showing the mixed impact of cheap oil on the Gulf.

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ADCB posts $339m net profit for Q1, up 13pc

Abu Dhabi Commercial Bank (ADCB) has posted a net profit of Dh1.24 billion ($339.9 million) for the first quarter of the year, an increase of 13 per cent as compared to the same period last year. The banks operating incomes totall

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