Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for 2022 (“FY’22”) and the fourth quarter of 2022 (“Q4’22”). Record earnings driven by credit growth, higher net interest margin and diversified income streams Key highlights – FY’22 vs. FY’21 Net profit of AED 6.434 bn increased 23% Net interest income of AED 10.194 bn increased 15% Non-interest income of AED 4.151 bn increased 22% Net fees and commission income of AED 2.110 bn increased 11% Operating income of AED 14.344 bn increased 17%…
ADCB reports record full-year net profit of AED 6.434 bn, up 23%, and Q4’22 net profit of AED 1.784 bn, up 23% YoY Recommended dividend of AED 0.55 per share, equivalent to 60% of net profit
