Financial and Banking News
ADCB Reports Record Growth
The Abu Dhabi Commercial Bank (ADCB) produced financial results for 1988which show the best year so far for the bank, which was formed in 1985.Accumulated losses have for the first time been removed from its books, givingit total shareholders' equity of Dhl,288mn against its paid-in capital ofDhl.25bn, of which 60% is held by the Government of Abu Dhabi. However, the bankstill has a long-term...
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