Economy Local October 30, 2024

Abu Dhabi Islamic Bank Reports 24% Profit Growth

Abu Dhabi Islamic Bank announced a 24% increase in its net profit after tax for the first nine months of 2024, reaching 4.6 billion dirhams.


Abu Dhabi Islamic Bank Reports 24% Profit Growth

In recent months, the international structure of the banking sector has demonstrated significant growth in financial indicators. Abu Dhabi Islamic Bank announced a 24% increase in net profit after taxes for the first nine months of 2024, reaching a benchmark of 4.6 billion dirhams.

According to management, such positive results were achieved due to the increase in income from various financial operations. In particular, the director noted successful financial products and services provided by the bank to clients, highlighting their popularity and demand in the market.

It is important to note that the bank continues to implement a sustainable growth and development strategy, which ultimately facilitates the improvement of financial results and ensures stability in the long-term perspective.

Additionally, the management expressed confidence in the bank's ability to continue demonstrating positive dynamics in the future, aiming to become a leader in its segment and satisfying client needs in the best possible way.