Abu Dhabi Commercial Bank (ADCB) has recorded a net profit of AED 5.244 billion for the year 2019.
Its financial results show that it has delivered a return on average tangible equity of 11.2 per cent.
ADCB Chairman Eissa Mohamed Al Suwaidi said the year was a "transformational year" for the group.
"The merger with Union National Bank and subsequent acquisition of Al Hilal Bank provided the enlarged group with the scale and efficiency required for a major UAE financial institution," he explained.
"The Bank, which now serves over one million customers, benefits from resilience and scale necessary to navigate continued challenges and the financial strength to take advantage of new growth opportunities."
Wall Street soars as traders bet on potential war off-ramp
US trade chief sees only limited role for WTO
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Australia to halve tax on fuel, underwrite spot cargoes
Business leaders affirm strength of Dubai's diversified economic model
