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Abu Dhabi Commercial Bank reports full year net profit of AED 3.809 billion

Jan 31, 2021 - Islamic Finance News

Abu Dhabi, Jan. 31 --Abu Dhabi Commercial Bank PJSC issued the following news release:

- Recommends cash dividend of AED 0.27 per share[*] equivalent to 49% of net profit

Abu Dhabi Commercial Bank PJSC ("ADCB" or the "Bank") today reported its financial results for 2020[1] ("FY'20") and the fourth quarter of 2020 (Q4'20).

* Steady operating performance, with lower cost of funds and an improved cost to income ratio cushioning the impact of low interest rates and subdued economic...