Saturday, August 13, 2011

Abu Dhabi Islamic Bank posts 5% net profit increase to AED 316.6 million for the second quarter of 2011




Group Financial highlights – Second quarter 2011

Group net revenue for Q2 2011 was AED 909.6 million vs. AED 744.2 million for Q2 2010, an increase of
22.2%.
Group operating profit (“margin”) for Q2 2011 was AED 552.4 million vs. AED 436.2 million for Q2
2010, an increase of 26.6%.
Total credit provisions and impairments for Q2 2011 were AED 235.8 million vs. AED 134.6 million in
Q2 2010, an increase of 75.2%.
Group net profit for Q2 2011 was AED 316.6 million vs. AED 301.6 million in Q2 2010, an increase of
5.0% despite increasing credit provisions and impairments by 75.2%.
ADIB remains one of the most liquid banks in the UAE, with a customer financing to deposits ratio of
90.5% and net due from banks of AED 9.0 billion.
Capital adequacy position under Basel II remains strong at 16.1% (16.0% at the end of 2010).

Bank Financial highlights – Second quarter 2011

Bank net revenue for Q2 2011 was AED 875.6 million vs. AED 747.8 million for Q2 2010, an increase of
17.1%.
Bank operating profit (“margin”) for Q2 2011 was AED 541.5 million vs. AED 466.2 million for Q2 2010,
an increase of 16.2%.
Total credit provisions and impairments for Q2 2011 were AED 148.9 million vs. AED 134.6 million in
Q2 2010, an increase of 10.6%.
Bank net profit for Q2 2011 was AED 392.6 million vs. AED 331.6 million in Q2 2010, an increase of
18.4%.
Total number of customers increased by 52,717 since Q2 2010 to reach 439,734.
Total number of branches stands at 66 vs. 57 in Q2 2010.

Financial highlights – First half 2011

Group net revenue for H1 2011 was AED 1,717.1 million vs. AED 1,424.8 million for H1 2010, an
increase of 20.5%.
• Group operating profit (“margin”) for H1 2011 was AED 1,015.1 million vs. AED 834.7 million for H1
2010, an increase of 21.6%.
Group net profit for H1 2011 was AED 619.8 million vs. AED 594.9 million in H1 2010, an increase of 4.2%
despite an increase in credit provisions and impairments of 64.9%.

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