Abu Dhabi Islamic Bank Reports 43% Increase in Net Profit in 9M 2021

On the 31st of October 2021, Abu Dhabi Islamic Bank (ADIB) disclosed a net profit of AED 1.6 billion (USD 435.6 million) for nine months in 2021 (9M 2021), rising 43% year-over-year (YoY).

Why it Matters?

These figures reflect robust underlying performance across the business segments despite the COVID-19 pandemic-induced challenging environment. The recovery from the pandemic continues to fuel a positive consumer mood, according to Jawaan Awaidah Al Khaili, Chairman at ADIB.

Details

Revenue inched up 4% to AED 4.1 billion (USD 1.11 billion) during January to September 2021 compared to AED 3.9 billion (USD 1.06 billion) in the same period last year. ADIB serves more than one million customers across varied client...