ADIB Q4 swings to profit on customer deposits
Abu Dhabi Islamic Bank swung to a profit in the fourth quarter of 2010, beating analysts forecasts as customer deposits and fee income rose.
Analysts polled by Reuters had estimated an average fourth-quarter profit of 196 million dirhams. Annual revenues increased 22 percent to 3.07 billion dirhams, with customer deposits rising 17.2 percent from a year earlier. Group fee and commission income increased 43 percent in the fourth quarter.
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