October 23, 2013 / 10:38 AM / 4 years ago

Abu Dhabi Commercial Bank Q3 net profit jumps 47 pct

DUBAI, Oct 23 (Reuters) - Abu Dhabi Commercial Bank reported a 47 percent rise in third-quarter net profit on Wednesday, beating analysts' expectations, because of an increase in net interest income and lower provisions.

The bank posted a net profit of 920 million dirhams ($251 million) in the three months to Sept. 30, up from 626 million dirhams a year ago, it said in a bourse statement.

Seven analysts polled by Reuters had estimated an average third-quarter profit of 772 million dirhams. (Reporting by Mirna Sleiman; Editing by Andrew Torchia)

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