Abu Dhabi – Mubasher: The net profits attributable to the equity holders of Abu Dhabi Commercial Bank (ADCB) declined to AED 3.806 billion in 2020, compared to AED 4.789 billion in 2019.

The bank's net interest income decreased to AED 7.905 billion in 2020 from AED 7.512 billion in the earlier year, according to the bank's consolidated financial results for the period ended 31 December 2020.

The bank's total assets increased to AED 411.156 billion as at 31 December 2020 from AED 405.094 billion as at 31 December 2019.

The earnings per share (EPS) settled at AED 0.51 in 2020, against AED 0.71 in the previous year.

Meanwhile, the board of ADCB has recommended distributing cash dividends of AED 1.878 billion for 2020, representing 27% of the paid-up capital.

It is noteworthy to mention that during the first nine months of 2020, the bank recorded AED 2.797 billion net profits attributable to the equity holders, down from AED 3.74 billion in the corresponding period of 2019.