ADIB Reports Impressive 9M23 Net Profit Surge of +102% YoY
Abu Dhabi Islamic Bank (ADIB) has released its financial results for the nine-month period ending September 2023, showcasing a remarkable surge in net profit. ADIB's net profit skyrocketed by an impressive +102.49% year-on-year, reaching EGP 3.554 billion, compared to EGP 1.589 billion during the same period in 2022. This substantial growth translates to an Earnings Per Share of EGP 6.69.
Furthermore, ADIB experienced significant progress in the third quarter of 2023, with a +144% increase in net profit. The bank recorded a net profit of EGP 1.386 billion for 3Q23, surpassing the EGP 566 million reported in 3Q22.
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