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UAE's Abu Dhabi Islamic Q2 Profit Down 30 Pct - ASHARQ AL-AWSAT English Archive
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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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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