UAE bank ADCB Q1 net attributable profit rises 31 percent

April 21, 2015 10:16 AM

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DUBAI, April 21 (Reuters) - Abu Dhabi Commercial Bank posted a 31 percent increase in first-quarter net profit on Tuesday, beating analysts' forecasts.

The fourth-largest lender by market value in the United Arab Emirates made a net profit attributable to equity shareholders of 1.25 billion dirhams ($340.3 million) in the three months ending March 31, versus 953 million dirhams in the corresponding period of 2014, it said in a statement.

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