Abu Dhabi Commercial Bank reports 2017 Q4 financial results

Q4/FY’17 Key Performance Highlights

Resilient performance in transitional year
Reported Net Profit at AED 10.9Bn, down 4% yoy; EPS at AED 0.96
Adjusted Group Net Profit at AED 11.5Bn, broadly in line with 2016
Delivering top returns for our shareholders in year 1
Proposing cash dividends of AED 7.6Bn
DPS of AED 0.70, 11% higher than 2016 pro forma
Integration journey exceeds expectations
Synergies significantly ahead of target in 2017
Raising cost synergy 2020 annual run-rate target by 50%; Integration costs firmly on track
Robust balance sheet and healthy fundamentals
Capital position comfortably in excess of regulatory requirements
Strong liquidity position, healthy asset quality and solid profitability
Looking ahead with confidence
Macro and business tailwinds to support 2018 performance
FAB positioned well to achieve successful integration and capture future growth opportunities

Re-disseminated by The Asian Banker