Mubasher: Abu Dhabi Commercial Bank (ADCB) registered a decrease of 13% year-on-year in net profits during the third quarter of 2019.

The profits amounted to AED 1.413 billion during Q3-19 when compared to AED 1.624 billion in the corresponding quarter in 2018, according to a bourse statement on Sunday. 

During the first nine-month period in 2019, the bank recorded profits worth AED 4.196 billion, 14% lower than AED 4.883 billion a year earlier.

Operating income retreated by 6% to AED 9.919 billion during the January-September 2019 period from AED 10.575 billion in the same period a year ago.

It is worth pointing out that over the first half of 2019, ADCB’s profit reached AED 2.330 billion from AED 2.332 billion in H1-18.