Abu Dhabi Commercial Bank posts $158 mn profits

April 27th, 2011 - 1:00 am ICT by IANS  

Abu Dhabi, April 26 (IANS/WAM) The Abu Dhabi Commercial Bank (ADCB) Tuesday posted a net profit of 583 million dirhams (about $158 million) for the first quarter of 2011.

Commenting on the bank’s performance, ADCB chairman Eissa Al Suwaidi, said: “This good set of results is a reflection of the improving economy of the UAE and the strength of our core operations and solid client franchise.”

“The Bank continues to move forward in 2011 by continuing to focus on our strategic objectives and building a stronger, more resilient ADCB for the future.”

In March 2011, ADCB won two awards: The Best Retail Bank in UAE award and the World Finance Award for Best Corporate Governance.

–IANS/WAM
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