Abu Dhabi Commercial Bank has reported a net profit of AED 1.152 billion for the first quarter of the year.
It's a drop of five per cent from the same period in 2018, with the results affected by a higher cost of funds.
Total assets grew by four per cent to AED 292 billion, while deposits from customers also increased by four per cent, reaching AED 184 billion.
The results come before the company's merger with Union National Bank and the subsequent acquisition of Al Hilal Bank.
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Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
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ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
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US President Donald Trump has announced on Thursday that he would give the European Union until July 4 to implement trade deal commitments before he raises tariffs on EU goods, including cars, to "much higher levels."
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