{"id":555228,"date":"2021-11-07T03:56:44","date_gmt":"2021-11-07T03:56:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/"},"modified":"2021-11-07T03:56:44","modified_gmt":"2021-11-07T03:56:44","slug":"abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/","title":{"rendered":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021"},"content":{"rendered":"

Abu Dhabi Commercial Bank Egypt reported net income of EGP 379 mn in 3Q2021<\/strong>, up almost 3% from the same quarter last year, the bank said in a press release(<\/a>pdf<\/a><\/sup>)<\/a>. The bank began operating under this name last year<\/a> as a local Egyptian bank as a rebadge of Union National Bank Egypt, whose parent company in the UAE merged with ADCB and Sharia-compliant lender Al Hilal Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi Commercial Bank Egypt reported net income of EGP 379 mn in 3Q2021, up almost 3% from the same quarter last year, the bank said in a press release(pdf). The bank began operating under this name last year as a local Egyptian bank as a rebadge of Union National Bank Egypt, whose parent company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[988,204,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555228","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-abu-dhabi-commercial-bank","tag-banking","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"96b3b529-0348-4825-bc9d-1cf3680720cd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555213],"teaser":"","voice_url":""},"yoast_head":"\nAbu Dhabi Commercial Bank Egypt profits inch up in 3Q2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021\" \/>\n<meta property=\"og:description\" content=\"Abu Dhabi Commercial Bank Egypt reported net income of EGP 379 mn in 3Q2021, up almost 3% from the same quarter last year, the bank said in a press release(pdf). The bank began operating under this name last year as a local Egyptian bank as a rebadge of Union National Bank Egypt, whose parent company […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-07T03:56:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021\",\"datePublished\":\"2021-11-07T03:56:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abu Dhabi Commercial Bank\",\"banking\",\"earnings watch\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\",\"name\":\"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-11-07T03:56:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/","og_locale":"en_US","og_type":"article","og_title":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021","og_description":"Abu Dhabi Commercial Bank Egypt reported net income of EGP 379 mn in 3Q2021, up almost 3% from the same quarter last year, the bank said in a press release(pdf). The bank began operating under this name last year as a local Egyptian bank as a rebadge of Union National Bank Egypt, whose parent company […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-11-07T03:56:44+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021","datePublished":"2021-11-07T03:56:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/"},"wordCount":76,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Abu Dhabi Commercial Bank","banking","earnings watch","EnterpriseAM"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/","name":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-11-07T03:56:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/abu-dhabi-commercial-bank-egypt-profits-inch-up-in-3q2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":595681,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/earnings-watch-abu-dhabi-islamic-bank-and-juhayna\/","url_meta":{"origin":555228,"position":0},"title":"Earnings watch: Abu Dhabi Islamic Bank and Juhayna","author":"enterpriseam admin","date":"4 August 2019","format":false,"excerpt":"EARNINGS WATCH- Abu Dhabi Islamic Bank\u2019s net profits after tax rose by 74% y-o-y to EGP 658.5 mn in 1H2019, up from EGP 378.2 mn a year earlier, according to a bourse filing (pdf). Revenues increased to EGP 1.8 bn during the period, a 25% y-o-y rise. Juhayna Food Industries\u2019\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651743,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/earnings-watch-abu-dhabi-islamic-bank-egypt-adib-and-alexandria-medical-report-results\/","url_meta":{"origin":555228,"position":1},"title":"Earnings watch: Abu Dhabi Islamic Bank Egypt (ADIB) and Alexandria Medical report results.","author":"enterpriseam admin","date":"20 February 2017","format":false,"excerpt":"**Earnings watch: Abu Dhabi Islamic Bank Egypt (ADIB) reported an 82% y-o-y rise in FY2016 net profit in to EGP 397.038 mn compared with the same period a year ago, the bank said in a statement. Meanwhile, Alexandria Medical Services reported a net profit of EGP 17.035 mn in FY2016,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647421,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/earnings-watch-abu-dhabi-islamic-bank-reports-1q2017-results\/","url_meta":{"origin":555228,"position":2},"title":"Earnings watch: Abu Dhabi Islamic Bank reports 1Q2017 results","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"EARNINGS WATCH-Abu Dhabi Islamic Bank (ADIB) Egypt reported a consolidated net profit to EGP 73.7 mn in 1Q2017, a 38.5% y-o-y decrease from the EGP 119.8 mn recorded in 1Q2016, according to an EGX filing. Revenues were up 36% y-o-y to EGP 604 mn in 1Q2017.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573760,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/union-national-bank-in-egypt-to-rebadge-as-abu-dhabi-commercial-bank-in-september\/","url_meta":{"origin":555228,"position":3},"title":"Union National Bank in Egypt to rebadge as Abu Dhabi Commercial Bank in September","author":"enterpriseam admin","date":"17 August 2020","format":false,"excerpt":"M&A WATCH- Union National Bank in Egypt to rebadge as Abu Dhabi Commercial Bank next month: The Union National Bank in Egypt (UNB-Egypt) has received the Central Bank of Egypt\u2019s approval to rebrand under the trademark of the Abu Dhabi Commercial Bank (ADCB). The news comes after its parent company\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563704,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/also-on-our-radar-on-13-july-2021\/","url_meta":{"origin":555228,"position":4},"title":"Also on our radar on 13 July 2021","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Abu Dhabi Islamic Bank Egypt will set up a company to issue corporate sukuk and is expected to receive three requests for offerings after the Eid break, which sources say will come from Palm Hills and Wadi Degla.Banque Misr has formally\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555450,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/intl-banking-syndicate-to-provide-govt-with-usd-2-bn-islamic-esg-loan\/","url_meta":{"origin":555228,"position":5},"title":"Int\u2019l banking syndicate to provide gov\u2019t with USD 2 bn Islamic + ESG loan","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"A syndicate of 10 regional and international banks are providing the USD 2 bn loan the Madbouly government is raising to finance green projects and plug budget shortfalls, Al Shorouk reports, citing unnamed sources. The facility will be divided into a USD 1 bn Islamic financing tranche and a USD\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555228"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555228\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555213"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555228"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555228"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}