Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) saw AED 2.797 billion net profits attributable to the equity holders during the first nine months of 2020, down from AED 3.74 billion in the corresponding period of 2019.

The bank's net interest income rose to AED 5.99 billion in the January-September period of 2020 from AED 5.32 billion in the year-ago period, according to the bank's consolidated interim financials for the nine-month period ended 30 September 2020.

ADCB's total assets reached AED 409.26 billion as at 30 September 2020, up from AED 405.09 billion as at 31 December 2019.

The earnings per share (EPS) stood at AED 0.36 in the first nine months of 2020, against AED 0.56 in the same period of 2019.

During the third quarter (Q3) of 2020, the bank's net profits decreased to AED 1.361 billion from AED 1.412 billion in the corresponding quarter of 2019.

It is noteworthy to mention that in the first half (H1) of 2020, the bank reported a 48% year-on-year (YoY) plunge in net profits to AED 1.44 billion, compared to AED 2.33 billion in the same period of 2019.