Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank’s (ADCB) net profit increased to AED 2.332 billion in the first six months of 2018, compared to AED 2.113 billion in the year-ago period.

The bank’s operating income went up to AED 4.642 billion in H1-18, versus AED 4.337 billion a year earlier.

Meanwhile, basic and diluted earnings per share (EPS) grew to AED 0.43 in the period between January and June, in comparison with AED 0.39 in H1-17, according to bourse statement released on Thursday.

The Abu Dhabi-listed bank’s net profit also levelled up to AED 1.125 billion in Q2-18, against around AED 1 billion in Q2-17.

On the other hand, impairment allowances declined to AED 770 million in the three-month period ended last June versus from AED 814 million in the second three months of 2017, ADCB’s data showed.