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UAE’s ADCB posts 82% drop in Q1 net profit
Abu Dhabi Commercial Bank reported a Q1 net profit of Dhs209m, down nearly 82 per cent from Dhs1.152bn in the corresponding period last year. “The year on year decrease in net profit was primarily due to higher impairment charges, in particular Dhs1.072bn on NMC Health Group, Finablr and associated companies,”…
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