Abu Dhabi Islamic Bank posts 4% profit rise in 2019

Abu Dhabi Islamic Bank posts 4% profit rise in 2019

The bank's group net revenues for 2019 grew 2.5 per cent to Dhs5.91bn compared to Dhs5.769bn in 2018, due to growth in customer finance, higher investment and foreign exchange income, a statement said.. Our liquidity remains strong, with an advances-to-deposits ratio increasing in Q4 19 to 80 per cent reflecting our ability to make optimal use of the balance sheet.". ADIB, holding over Dhs125bn in assets, is traded on the Abu Dhabi Securities Exchange, and maintains presence in six strategic markets: Egypt, where it has 70 branches, Saudi Arabia, the United Kingdom, Sudan and Iraq, the statement said..