First Abu Dhabi Bank announced today its financial results for the year ended December 31, 2019. The bank confirmed strong performance, as the Group's net profit reached 12.5 billion dirhams, an increase of 4%, compared to 12.0 billion dirhams in 2018.
The return on the basic share amounted to 1.10 dirhams, compared to 1.06 dirhams in 2018, while operating income amounted to 20.2 billion dirhams, an increase of 4% compared to the same period in 2018, reflecting the strong performance of the bank's core business in light of the current challenges.
The bank’s board of directors recommended distributing cash dividend of 74 fils per share, for a total value of dividends of 8.08 billion dirhams for the year ended December 31, 2019.