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UAE’s Abu Dhabi Islamic Q2 Profit Down 30 Pct | ASHARQ AL-AWSAT English Archive 2005 -2017
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ABU DHABI, (Reuters) – Abu Dhabi Islamic Bank posted a second-quarter net profit of 193.4 million dirhams ($52.65 million), down 30 percent from the year-earlier period, it said in a statement on Wednesday.

The company made a net profit of 193.4 million dirhams in the second quarter of the year, compared with 275.7 million dirhams a year earlier, the firm said in a regulatory filing.

The bank said it took 171.4 million dirhams in provisions against credit losses during the second quarter of 2009.