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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. Asset quality metrics...
ABU DHABI, 27th January, 2022 (WAM) -- First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 b
/PRNewswire/ -- Arrow Financial Corporation (NasdaqGS® – AROW) reported for the year ended December 31, 2021, that net income reached a record $49.9 million,...
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. Asset quality metrics...