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ADCB Q1 Net Profit Beats Estimates, Up 38 Percent

ADCB Q1 Net Profit Beats Estimates, Up 38 Percent

The bank posted a net profit of 802 million dirhams ($218.52 million) in the first quarter, compared with 583 million dirhams a year earlier, ahead of analysts' forecasts.

April 25, 2012 10:17
UAE lender ADCB’s Q4 net profit surges, shares rise

UAE lender ADCB’s Q4 net profit surges, shares rise

Q4 earnings jump 38.5 pct, misses forecasts but shares climb; Provisions down, interest and Islamic finance income up

January 28, 2012 1:36

Lloyds in talks to offload UAE business, ADCB likely buyer

Lloyds Banking Group in talks to sell UAE business - sources; Abu Dhabi Commercial Bank seen frontrunner to buy Lloyds operations

January 9, 2012 11:13

Abu Dhabi’s ADCB eyes Benchmark bond in H1 2012

New bond an option to meet upcoming debt maturities; ADCB has $1.5 bln loan maturing March 2012; Bank has "minimal" exposure to Europe

November 22, 2011 2:18

ADCB to net $272 mln in profits from RHB stake sale

ADCB sold its 24.9 percent stake in RHB to Aabar; Says funds to be used to strengthen balance sheet; ADCB shares rise 2.5 percent on Abu Dhabi bourse - reuters

June 19, 2011 10:27

UAE bank ADCB’s Islamic head resigns, to join RAKBank

Khumri to take up new post at the end of the month

March 14, 2011 4:06

Abu Dhabi Commercial Bank concludes its acquisition of royal bank of scotland’s retail banking business in the UAE

Meticulous planning ensures smooth cut-over of the retail and SME banking business of RBS to ADCB.

October 22, 2010 3:51

UAE lender ADCB launches 500 mln ringgit bond sale

ADCB is the second bank from the emirate to issue a Malaysian currency bond this year.

August 17, 2010 9:03

ADCB has $1.8 bln Dubai World exposure

Net loss made in first half of the year.

July 31, 2010 2:30

ADCB acquires RBS retail banking business

The deal is worth a reported $100 million.

June 17, 2010 8:58