Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) reported a 3% growth in net profits attributable to the shareholders to AED 2.475 billion in the first quarter (Q1) of 2021 from AED 2.408 billion in the year-ago period, according to the bank's consolidated interim financial results for the three-month period ended 31 March 2021.

The bank's net interest income increased by 13% to AED 2.679 billion in the first three months of 2021 from AED 3.08 billion in the same period of 2020.

The bank's total assets reached AED 940.746 billion as of 31 March 2021, up from AED 919.06 billion as of 31 December 2020.

The basic and diluted earnings per share (EPS) stood at AED 0.22 each in Q1-21, compared to AED 0.20 in the corresponding quarter of last year.

It is noteworthy to mention that in 2020, the bank reported AED 10.6 billion in net profits, down from AED 12.5 billion a year earlier.