Abu Dhabi Commercial Bank

ADCB

AEA000201011

Banks

Market Closed - Abu Dhabi Securities Exchange Other stock markets 04:27:10 14/06/2024 pm IST			5-day change	1st Jan Change
7.91 ^AED	+0.13%		+1.28%	-13.83%

31/05	Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale	RE
31/05	Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale	RE

Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Full Year Ended December 31, 2020

January 31, 2021 at 05:34 pm IST

Abu Dhabi Commercial Bank PJSC announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net income was AED 3,806.078 million compared to AED 4,789.686 million a year ago. Basic earnings per share was AED 0.51 compared to AED 0.71 a year ago.

Latest news about Abu Dhabi Commercial Bank

Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale	31/05	RE
Saudi Arabia sets new test for international interest with $13.1 bln Aramco sale	31/05	RE
Abu Dhabi Commercial Bank PJSC Announces Board Changes	23/05	CI
Etihad Airways Selects Additional Banks for $1 Billion IPO	05/05	MT
Etihad Airways Selects Additional Banks for $1 Billion IPO	05/05	MT
Abu Dhabi Commercial Bank Pjsc Approves Distribution for the Year 2023	26/04	CI
Moody's Affirms Abu Dhabi Commercial Bank Ratings on High Likelihood of Government Support	26/04	MT
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the First Quarter Ended March 31, 2024	25/04	CI
Abu Dhabi Commercial Bank Q1 Earnings Jump	25/04	MT
Abu Dhabi Plans Eurobond Issuance	23/04	MT
Abu Dhabi Commercial Bank to Pause Trading Amid Board Meeting on April 25	22/04	MT
Olam Group’s Unit Secures Financing Facility Worth $625	05/04	MT
Abu Dhabi's Mubadala Mulls $1 Billion Sukuk Sale	20/03	MT
Al Rajhi Banking Commences Sustainable Sukuk Offer	05/03	MT
Egypt cenbank raises interest rates by 200 bps amid IMF talks	02/02	RE
Abu Dhabi Commercial Bank PJSC Proposes Cash Dividend for the Year 2023	31/01	CI
UAE bank ADCB Q4 net profit 38% gain beats forecasts	31/01	RE
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Full Year Ended December 31, 2023	31/01	CI
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	31/01	CI
Abu Dhabi Commercial Bank Expands Its Regional Presence Through Strategic Expansion into the Kingdom of Saudi Arabia	17/01	CI
Nine Yards Plus Holding completed the acquisition of 80% stake in Abu Dhabi Commercial Properties L.L.C. from Abu Dhabi Commercial Bank PJSC.	27/12	CI
ADCB to Sell Majority Stake in Real Estate Subsidiary	08/11	CI
Nine Yards Plus Holding Signed a binding offer to acquire 80% stake in Abu Dhabi Commercial Properties L.L.C. from Abu Dhabi Commercial Bank PJSC.	08/11	CI
Saudi Arabia posts budget deficit of $9.5 billion in third quarter	02/11	RE
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	25/23/25	CI

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Company Profile

Abu Dhabi Commercial Bank PJSC (ADCB) is a United Arab Emirates-based bank, engaged in the business of retail banking, commercial banking and Islamic banking and the provision of other financial services. The Bank operates in three segments which include, Wholesale banking, Property management, Investments and treasury. Wholesale banking segment comprises of business banking, cash management, trade finance, corporate finance, small and medium enterprise financing, investment banking, Islamic financing, infrastructure and asset finance, government and public enterprises. Property management segment comprises of real estate management and engineering service operations of subsidiaries and rental income earned from properties of the Group. Investment and treasury comprises of central treasury operations, management of the Groupâs investment portfolio and interest rate, currency and commodity derivative portfolio and Islamic financing.

Sector

Banks

Calendar

23/07/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Abu Dhabi Commercial Bank

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.91 AED

Average target price

10.38 AED

Spread / Average Target

+31.26%

Consensus

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Quarterly earnings - Rate of surprise

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