Mon 30-01-2023 17:37 PM
ABU DHABI, 30th January, 2023 (WAM) – Abu Dhabi Islamic Bank (ADIB) announced a net profit of AED 3.62 billion in 2022, a 55% increase from the previous year. The bank also reported a 60% growth in Q4 2022 with a net profit of AED 1.2 billion, compared to AED 728 million in Q4 2021. ADIB’s revenue increased by 23% to AED 6,835 million in 2022, driven by a 43% increase in fees and commissions and a 24% growth in funded income.
The Chairman of ADIB, Jawaan Awaidah Al Khaili, said the results will allow the bank to invest and grow, while supporting the national economy and UAE’s sustainability agenda.
The CEO, Nasser Al Awadhi, added that the bank will continue to invest in growth and transformation to deliver sustainable returns to shareholders.
Khoder Nashar/ Muhammad Aamir