Abu Dhabi Commercial Bank on Tuesday posted a 21 per cent rise in second-quarter net profit, slightly beating analysts' forecasts.

The fourth largest lender by market value in the United Arab Emirates made a net profit attributable to shareholders of Dh1.28 billion ($349 million) in the three months to June 30, compared to Dh1.06 billion in the corresponding period of the previous year, it said in a statement.

Analysts polled by Reuters had forecast an average net profit of 1.18 billion dirhams.

For the first half of 2015, ADCB reported a net profit of Dh2.53 billion, 26 per cent up from the same period of 2014. – Reuters