ADIB second quarter net profit drops on rise in provisions amid pandemic
- Date: 13-Aug-2020
- Source: The National
- Sector:Financial Markets
- Country:UAE
ADIB second quarter net profit drops on rise in provisions amid pandemic
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said its second-quarter net income almost halved, as revenue fell and provisions for expected loan losses rose amid the pandemic-driven slowdown.
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