Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB), listed on the Abu Dhabi Bank (ADX), has reported a 3% year-on-year increase in net profit for the third quarter of 2019.

Net profit reached AED 3.11 billion in Q3-19, versus AED 3.021 billion in the same quarter of 2018, according to a press release.

Earnings per share stood at AED 1.05 during the three-month period ended 30 September 2019, versus AED 1.04 in the prior-year period.

Total operating income rose by 5% to AED 5.073 billion in Q3-19, compared to AED 3.263 in the same period of 2018.

In the first nine months of 2019, FAB has recorded a net profit of AED 9.439 billion, compared to AED 9.078 billion in the year-ago period.

Earnings per share for the nine-month period ended 30 September 2019 hit AED 1.10, versus AED 1.07 in the corresponding period of 2018.

The bank’s total operating income stood at AED 15.168 billion during the January-September period of 2019, compared to AED 14.636 billion in the prior-year period.

During Q2-19, FAB posted a 4% year-on-year growth in net profits, recording to AED 3.2 billion.

Moreover, the ADX-listed bank also generated a net profit of AED 6.3 billion during the first half of 2019.