Heavy Cost of Risk Impact!
Abu Dhabi Commercial Bank (ADCB), Q3-16 was marked by:• A 17% decline in its Attributable Net Profit, reaching AED0.999bn vs AED1.203bn in Q3-15.
• A rise by 476% to AED380m of Impaired loans vs AED66m in Q3-15.
• A tax expense burden reaching AED22m against AED1m during Q3-15.
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• Loans and advances to customers grew to AED161.562bn by Sep’16, i.e. +14% compared to Sep’15 AED142.198bn.
• Deposits recorded an additional AED4.298bn during 2016’s 3rd quarter, to amount AED153.353bn, i.e.
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