Financial Results
Retail Banking
Uncategorized
ADCB reports 16 per cent lower full year profit for 2016 vs 2015
These results were 16 per cent lower year-on-year, impacted by the lingering effects of the low oil price on economic activity and tightened liquidity, which resulted in higher funding costs and cost of risk to the Bank. Cost of risk for 2016 was 0.83 per cent, compared to 0.29 per…
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