Abu Dhabi Commercial Bank reported a net profit after tax of 8.104 billion dirhams for the first nine months of the current year, reflecting an 18% increase compared to the same period last year. The bank’s net profit for the third quarter of this year reached 3.09 billion dirhams.
Pre-tax profits amounted to 9.108 billion dirhams during the first three quarters, with 3.166 billion dirhams recorded in the third quarter, supported by revenue growth and significant operational efficiency improvements.
The net interest income rose by 12% from the beginning of the year until the end of the third quarter, reaching 10.854 billion dirhams, while non-interest income increased by 34%, totaling 5.761 billion dirhams.
Operational income grew by 19%, amounting to 16.616 billion dirhams, and pre-provision operating profits surged by 26%, reaching 12.016 billion dirhams.
The bank’s net loans increased by 17%, equivalent to 57 billion dirhams, totaling 401 billion dirhams, while customer deposits rose by 19%, amounting to 76 billion dirhams, for a total of 482 billion dirhams.
Deposits in current and savings accounts reached 216 billion dirhams, showing a growth of 27% from the same period last year, representing 45% of total customer deposits.