Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) recorded a 107% year-on-year (YoY) surge in its net profits attributable to the shareholders to AED 5.12 billion in the first quarter (Q1) of 2022 from AED 2.47 billion in the corresponding quarter of 2021.
The lender's net interest income and income from Islamic financing and investing products jumped to AED 3.13 billion in Q1-22 from AED 2.67 billion in Q1-21, according to the bank's consolidated interim financials for the three-month period ended 31 March 2022.
The basic and diluted earnings per share (EPS) stood at AED 0.45 each in the first three months (3M) of 2022, versus AED 0.21 in the year-ago period.
It is noteworthy to mention that in 2021, FAB's net profits attributable to the shareholders increased by around 19% to AED 12.531 billion, compared to AED 10.555 billion in 2020.
