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ADCB posts H1 consolidated interim financial results

ADCB posts H1 consolidated interim financial results
Total net interest and Islamic financing stood at AED 4.008 billion in H1
ADCB
ADCB
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Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Abu Dhabi Securities Exchange (ADX), reported a consolidated interim net profit of AED 2.330 billion for the first half of 2019, versus AED 2.332 billion in H1-18.

Total net interest and Islamic financing stood at AED 4.008 billion during the six-month period ended 30 June 2019, compared to AED 3.61 billion in H1-18, the ADX-listed bank said in a statement.

The bank’s consolidated interim operating income grew to AED 5.157 billion in H1-19 from AED 4.64 billion in the year-ago period.

In the second quarter of 2019, consolidated interim net profit reached AED 1.178 billion, compared to AED 1.125 billion in Q2-18, the UAE-based lender noted.

Basic and diluted earnings per share stood at AED 0.18 in Q2-19, versus AED 0.22 in the same quarter of 2018.

Total assets amounted to AED 416.96 billion at the end of June 2019, versus AED 279.83 billion as at 31 December 2018.

In May, ADCB revealed it had logged a net profit of AED 1.15 billion for Q1-19.