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Friday, October 18, 2024

First Abu Dhabi Bank’s profits exceed expectations in the third quarter

First Abu Dhabi Bank’s profits exceed expectations in the third quarter

Net profit attributable to shareholders amounted to 4.46 billion dirhams ($1.21 billion), an increase of five percent compared to 4.255 billion dirhams in the previous year and exceeding analysts’ average expectations of 3.97 billion dirhams, according to data from the London Stock Exchange Group.

And I reached Operating revenues During the third quarter, 8.2 billion dirhams, an increase of 18 percent compared to the same period last year.

A statement revealed First Abu Dhabi Bankon the site Abu Dhabi Financial Marketannounced achieving revenues of 23.9 billion dirhams in the first nine months of 2024, with a growth rate of 16 percent on an annual basis.

It also recorded net profits of 12.9 billion dirhams during the first nine months of 2024, an increase of 4 percent year-on-year.



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