Economy Local October 23, 2024

ADCB Reports 19% Profit Growth in 2024

Abu Dhabi Commercial Bank has recorded a net profit of 6.8 billion AED in the first nine months of this year, marking a 19% increase. In Q3 2024 alone, profits reached 2.4 billion AED, up 23%.


ADCB Reports 19% Profit Growth in 2024

Abu Dhabi Commercial Bank recorded a net profit of 6.8 billion dirhams for the first nine months of the current year, representing a growth of 19%. In the third quarter of 2024, the bank earned 2.4 billion dirhams, which is 23% more than the previous year. "These impressive results reflect the bank's resilient financial position and its ability to effectively adapt to the changing market conditions," noted the bank's representative.