QIB's Digital Journey: From Traditional Banking To A Digital Ecosystem menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
QIB's digital journey: From traditional banking to a digital ecosystem thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
First Abu Dhabi Bank (FAB) has reported a net profit of AED12.5 billion ($3.4 billion) for the full year ended December 31, 2021, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year.
ABU DHABI, 27th January, 2022 (WAM) First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year for the full year ended 31st December 2021.
Group revenue was up 17 percent supported by solid trading performance and growth in fee-generating business, helping to offset headwinds from low-interest rates. Operating expenses were up year-on-year, reflecting ongoing investments in digital and strategic initiatives and the inclusion of Bank Audi Egypt.
ABU DHABI, 27th January, 2022 (WAM) First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year for the full year ended 31st December 2021.
Group revenue was up 17 percent supported by solid trading performance and growth in fee-generating business, helping to offset headwinds from low-interest rates. Operating expenses were up year-on-year, reflecting ongoing investments in digital and strategic initiatives and the inclusion of Bank Audi Egypt.
Doha: Chairman of Qatar Islamic Bank (QIB) Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani has announced that QIB has achieved net profit attrib.