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First Abu Dhabi Bank's third-quarter profit rises 6% on net interest income growth
DUBAI: First Abu Dhabi Bank, the UAE’s biggest bank by assets, reported a 6% rise in third-quarter net profit on Thursday, driven by strong growth in net interest income. Here are some details: Net profit rose to 5.74 billion dirhams ($1.56 billion) for the three months ended September 30, up from 5.39 billion dirhams a year earlier, it said in a statement, and was largely unchanged from the previous quarter. However, net profit rose 3% to 16.50 billion dirhams in the first nine months of the year, driven by an 11% rise in net interest income, the difference between earnings on loans and payou...
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