Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted 23% growth quarter-on-quarter in net profit for the second quarter of 2015 to AED 502.6 million, compared with AED 409.5 million.

The Abu Dhabi-listed lender generated AED 953.4 million ($259.5 million) in net profit for the first half of 2015, a growth by 10.5% year-on-year and 23% quarter-on-quarter.

The bank’s total assets rose 8.9% y-o-y to AED 115.1 billion, while customer deposits grew by 12.7% to AED 89.1 billion.

ADIB also said credit and investment provisions fell in the second quarter by 0.4% y-o-y to AED 175.1 million.