Financial Results
Retail Banking
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First Abu Dhabi Bank's profit hit by impairment charges
First Abu Dhabi Bank FAB.AD, the biggest lender in the United Arab Emirates (UAE), reported a 22% drop in quarterly profit on Monday, hit by interest rate cuts and impairment charges. Its net profit in the first quarter was 2.4 billion dirhams($653.4 million) versus 3.1 billion dirhams a year earlier….
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