Total income for the three months ended September 30, 2014, rose to AED 571 million, up 20 percent compared to the third quarter of 2013.
Abu Dhabi Commercial Bank met analyst expectations as it reported a 16.4 per cent increase in third-quarter net profit on Wednesday, with a big reduction in impairment allowances helping to boost earnings.
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its Nine Months 2014 results for the period ended September 30, 2014.
Sharjah Islamic Bank announced its nine month of 2014 results with Net Profits reaching Dhs295 million, compared to 221 million achieved in the same period last year, a 33.5% growth rate
The bank increased its net operating income by 14% to reach QR2.2bn. Fees and commission income for Q3, 2014 showed an impressive growth of 27%, reaching QR363mn compared to QR286mn for the same period in 2013.
The total assets reached QR77.8bn compared to QR 66.90bn as of September 30 , 2013, a growth of 16.3 percent.
The Saudi British Bank has reported a net profit of SR3,297 million for the nine months ended Sept. 30, an increase of SR499 million or 17.8 percent compared to SR2,798 million for the same period in 2013.
The bank made a net profit of 59.1 million dinars ($204.7 million) in the three months to the end of September, down from 70.1 million dinars a year ago, a bourse filing said.