January 29, 2018 / 12:29 PM / 21 days ago

BRIEF-First Abu Dhabi Bank FY Group Profit Falls

Jan 29 (Reuters) - FIRST ABU DHABI BANK:

* FY GROUP NET PROFIT 10.92 BILLION DIRHAMS VERSUS 11.32 BILLION DIRHAMS YEAR AGO

* FY GROUP REVENUE 19.53 BILLION DIRHAMS, DOWN 4‍​ PERCENT YEAR-ON-YEAR

* PROPOSES FY OUTSTANDING CASH DIVIDEND OF AED 0.70 PER SHARE

* AS AT END-DEC, 2017 CUSTOMER DEPOSITS STAND AT 395.8 BILLION DIRHAMS UP 4 PERCENT YEAR-ON-YEAR

* AS OF END-DEC 2017, LOANS AND ADVANCES STAND AT 330.5 BILLION DIRHAMS, DOWN 1 PERCENT YEAR-ON-YEAR

* COST SYNERGIES ARE CONTINUING TO MATERIALISE QUICKLY WITH AROUND 500 MILLION DIRHAMS REALISED IN 2017, EXCEEDING EXPECTATIONS Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below