Mubasher TV
Contact Us Advertising   العربية

ADIB sees 18% higher profits in Q1-22

ADIB sees 18% higher profits in Q1-22
ADIB
ADIB
-1.07% 11.08 -0.12

Abu Dhabi – Mubasher: The unaudited consolidated financials of Abu Dhabi Islamic Bank (ADIB) posted net profits attributable to the equity holders of AED 714.95 million in the first quarter (Q1) of 2022, up 18% year-on-year (YoY) from AED 607.39 million.

The bank's assets amounted to AED 138.58 billion as of 31 March 2022, 6% higher than AED 136.86 billion as of 31 December 2021.

The basic and diluted earnings per share (EPS) settled at AED 0.17 in Q1-22, against AED 0.14 in the year-ago period.

It is noteworthy to mention that in 2021, ADIB's net profits rose by 45% to AED 2.33 billion, compared to AED 1.6 billion in the earlier year.