Latest news with #Dh5.9
Al Etihad
6 days ago
- Business
- Al Etihad
ADIB reports Dh4 billion pre-tax profit in H1 2025
23 July 2025 17:42 ABU DHABI (WAM)Abu Dhabi Islamic Bank (ADIB) today announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching Dh4 billion, reflecting strong balance sheet growth, continued business momentum, and a rising customer bank delivered another record performance in Q2 2025, with pre-tax net profit up 14 percent year-on-year to Dh2 profit after tax for the first half reached Dh3.5 billion, up 15 percent versus H1 2024. For the second quarter, net profit reached Dh1.8 billion, an increase of 13 percent compared to the same period last income for H1 2025 rose 11 percent to Dh5.9 billion, up from Dh5.3 billion in H1 robust growth was driven by strong performance across all core business segments, supported by diversified income streams and continued expansion of fee-based from funding grew 9 percent year-on-year to Dh3.6 billion in H1 2025, compared to Dh3.3 billion in the previous year, backed by increased business volumes and the bank's ability to generate sustainable returns despite lower market profit profit margin stood at 4.27 percent, within the bank's target range, reflecting volume growth and effective balance sheet income rose 15 percent year-on-year to Dh2.3 billion in H1 2025, up from Dh2 billion in the prior-year growth in non-funding income was largely driven by a 28 percent increase in fee income, attributed to higher product sales across both retail and corporate segments, reflecting stronger customer activity and successful cross-selling income now contributes 39 percent of total operating income, underscoring the bank's continued strategic focus on income cost-to-income ratio improved to 28.2 percent in H1 2025, down 40 basis points from 28.6 percent in H1 2024, driven by higher revenue and ongoing productivity measures. Operating expenses rose 9 percent year-on-year to Dh1.7 billion in H1 2025, reflecting continued investment in talent, digital initiatives and emerging technologies.
Al Etihad
6 days ago
- Business
- Al Etihad
Abu Dhabi Islamic Bank reports Dh4 billion pre-tax profit in H1 2025
23 July 2025 17:46 ABU DHABI (WAM)Abu Dhabi Islamic Bank (ADIB) Wednesday announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching Dh4 billion, reflecting strong balance sheet growth, continued business momentum, and a rising customer bank delivered another record performance in Q2 2025, with pre-tax net profit up 14 percent year-on-year to Dh2 profit after tax for the first half reached Dh3.5 billion, up 15 percent versus H1 2024. For the second quarter, net profit reached Dh1.8 billion, an increase of 13 percent compared to the same period last income for H1 2025 rose 11 percent to Dh5.9 billion, up from Dh5.3 billion in H1 robust growth was driven by strong performance across all core business segments, supported by diversified income streams and continued expansion of fee-based from funding grew 9 percent year-on-year to Dh3.6 billion in H1 2025, compared to Dh3.3 billion in the previous year, backed by increased business volumes and the bank's ability to generate sustainable returns despite lower market profit profit margin stood at 4.27 percent, within the bank's target range, reflecting volume growth and effective balance sheet income rose 15 percent year-on-year to Dh2.3 billion in H1 2025, up from Dh2 billion in the prior-year growth in non-funding income was largely driven by a 28 percent increase in fee income, attributed to higher product sales across both retail and corporate segments, reflecting stronger customer activity and successful cross-selling income now contributes 39 percent of total operating income, underscoring the bank's continued strategic focus on income cost-to-income ratio improved to 28.2 percent in H1 2025, down 40 basis points from 28.6 percent in H1 2024, driven by higher revenue and ongoing productivity measures. Operating expenses rose 9 percent year-on-year to Dh1.7 billion in H1 2025, reflecting continued investment in talent, digital initiatives and emerging technologies.
Khaleej Times
16-07-2025
- Business
- Khaleej Times
UAE: Foreign bank branch fined Dh600,000 for violating consumer protection rules
The Central Bank, through its supervisory and regulatory mandates, aims to ensure that all banks and their employees comply fully with the UAE's laws and regulatory standards Published: Wed 16 Jul 2025, 3:10 PM The Central bank of UAE has imposed a financial sanction of Dh600,000 on a branch of a foreign bank in the UAE. The apex bank did not reveal the name of the bank that has been penalised. The authority imposed the fine after examinations revealed that the branch was not complying with the Market Conduct and Consumer Protection Regulations and Standards. The penalty was imposed on the basis of Article 137 of Decree Federal Law No. 14 of 2018, regarding the Central Bank and Organisation of Financial Institutions and Activities, and its amendments. Earlier, it imposed a financial penalty of Dh5.9 million on a foreign bank branch operating within the country for failing to comply with anti-money laundering regulations. The Central Bank, through its supervisory and regulatory mandates, aims to ensure that all banks and their employees comply fully with the UAE's laws and regulatory standards, the statement read. This is essential to maintain transparency and integrity across financial transactions and to safeguard the stability of the UAE's financial system.
Al Etihad
02-07-2025
- Business
- Al Etihad
Central Bank of UAE imposes financial sanction of Dh5.9 million on branch foreign bank branch
2 July 2025 13:33 ABU DHABI (WAM)The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dh5.9 million on foreign bank branch operating in the UAE, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and its financial sanction is based on a CBUAE examination, which revealed the bank's failures to comply with its Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations framework, and related regulations. The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all banks and their staff, abide by the UAE laws, regulations, and standards established by the CBUAE in order to maintain transparency and integrity of the financial transactions, and safeguard the UAE financial system.
