Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted on Tuesday a fall of 4.7% in its profits for the fourth quarter of fiscal 2016 to AED 455.1 million ($123.884 million), compared to AED 477.4 million ($130 million) for Q4-15.

Net profits increased in the fiscal 2016 by 1% to AED 1.95 billion from AED 1.93 billion in the fiscal 2015, according to a bourse filing.

Net revenues amounted to AED 5.39 billion in 2016, rising 5% year-on-year.