NO. 29


Financial and Banking News

Regional Banking

Abu Dhabi Commercial Bank Improves Profits again

Abu Dhabi Commercial Bank (ADCB) has declared profits of Dh102.6mn for 1989,a 50% increase on the previous year. The bank has shown improved profits andprofitability every year since it was founded in 1985 through the merger ofthree troubled local banks. Operating income rose by 17% in 1989, mainly due toan increase in net interest income. Administration and general expenses...