Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Egyptian Exchange (EGX) as well, has generated AED 3.05 billion in net profit attributable to the owners during the first half (H1) of 2022, a jump from AED 2.52 billion in H1-21.
The basic and diluted earnings per share (EPS) rose to AED 0.43 in H1-22 from AED 0.35 in H1-21, according to the income statements on Thursday.
During the first six months (6M) of 2022, the net interest income and income from Islamic financing and investing products surged to AED 942.17 million in H1-22 from AED 832.52 million in the year-ago period.
Furthermore, the bank’s operating income grew to AED 6.43 billion in H1-22 from AED 6.07 billion during the same period a year earlier.
In the second quarter (Q2) of 2022, the net profits attributable to the owners jumped to AED 1.57 billion from AED 1.40 billion in Q2-21.
Additionally, the basic and diluted EPS edged up to AED 0.23 in Q2-22 from AED 0.20 in Q2-21.
The net interest income and income from Islamic financing and investing products amounted to AED 481.73 million in Q2-22, higher than AED 436.54 million in Q2-21.
The lender’s operating income totalled AED 3.49 billion in Q2-22, versus AED 3.15 billion in Q2-21.
In the January-March 2022 period, ADCB recorded net profits attributable to the owners worth AED 1.48 billion, an annual hike of 32% from AED 1.12 billion.