Abu Dhabi Islamic Bank announced its financial results for the year 2019, achieving an increase in its net profit by 4.0% to 2,601.1 million dirhams.
According to the bank’s statement, operating profit grew by 4.4% to 3,262.2 million dirhams, driven by growth in customer financing assets by 3.1% to 81.1 billion dirhams, an increase in investment income by 30.7% to 687.0 million dirhams, and income from foreign exchange increased by 23.6 % To 317.5 million dirhams. Abu Dhabi Islamic Bank witnessed an increase in its net revenues during the year 2019 by 2.5% to 5,915.2 million dirhams.