A confirmed step back...
Abu Dhabi Commercial Bank (ADCB), FY 2K16 was marked by:• A 15.75% decline in its Attributable Net Profit, reaching AED4.149bn vs AED4.424bn compared to FY 2015.
• A rise by 203% to AED1.5bn of cost of risk vs AED502m in FY15.
• Total assets up by 13% to AED258bn vs. AED228bn in 2015.
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• Loans and advances to customers grew to AED158.458bn by Dec’16, i.e. +8% compared to Dec’15 AED146.25bn.
• Deposits grew by 1% in the 4th quarter, to amount AED155.442bn, i.e.
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