Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 16.6 percent rise in fourth-quarter net profit, and marginally increased its dividend for 2015.
The earnings were part of mixed fourth-quarter results for United Arab Emirates banks, with Emirates NBD and Dubai Islamic Bank posting bumper profit growth while National Bank of Abu Dhabi, Mashreq and Union National Bank saw profits fall.
ADIB, Abu Dhabi's largest Shariah-compliant bank, made a net profit of 477.4 million dirhams ($130 million) in the three months to December 31, compared to 409.6 million dirhams in the same period a year ago, it said in a bourse statement.
Beltone Financial had forecast the bank would make a profit attributable to shareholders of 399 million dirhams in the quarter. For 2015, the bank said its net profit was 1.93 billion dirhams, up 10.5 percent from 2014.
Customer financing for loans totalled 78.4 billion dirhams at the end of last year, up 7.4 percent from a year earlier, while customer deposits grew to 94.9 billion dirhams, up 12 percent.