The bank is on a successful path…
The Emirate's third largest bank by assets, Abu Dhabi Commercial Bank, had a successful year. Q4 2015 figures show that the bank has continued to maintain a good position in the UAE’s banking sector, and recorded a net profit at AED1.191bn, 16.4% higher than Q4 2014. In terms of FY accounts, the Net Income rose by 17.3%, reaching AED4.927bn. This was mainly due to the 9.7% increase recorded in the Operating Revenues, to AED8.260bn, and due to the 10.3% decline of the Operating Costs, to AED2.827bn.
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