UAE: ADIB posts Dh319m profit

Abu Dhabi Islamic Bank gained a record net profit of Dh319.1 million for the quarter ended September 30, an increase of 3.2 per cent over the corresponding period on higher income.
Inspite of difficult market conditions and continued global financial crises, it performance from the core banking business was strong proofe being the fact that its net profit grew by 12.7 per cent year on year to Dh 1.086 billion in the nine-month period.
But it seems that the impact of the UAE Central Bank guidelines on Personal Banking fee income and asset growth was noticeable and the Bank anticipates a subdued growth to continue into 2012.