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ADCB profit plummets 90%
- United Arab Emirates: Tuesday, October 27 - 2009 at 15:15
Abu Dhabi Commercial Bank, the third largest lender in the emirate, said today its net profit for the third quarter of this year plunged 90% to Dhs44m ($12m), compared with the same period a year ago. The bank said the earnings decline stemmed mainly from increased provisioning of Dhs810m for the quarter.
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StaffTuesday, October 27 - 2009 at 15:15 UAE local time (GMT+4)
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