Financial Results
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Profits up more than sevenfold at major UAE bank
Abu Dhabi Commercial Bank reported profits for 2011 more than seven times higher than a year earlier, with provisions falling. The bank reported profits for the full year of Dh3.04 billion, up from Dh381 million in 2011 and more than Dh1 billion above analysts' estimates. Analysts polled by Bloomberg had…
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