8 Hrs
Source:
البلاد
ABC Islamic posts $21.8m
ABC Islamic Bank announced net profit of $21.8 million for the first nine months of 2026, down 44.6% from $39.4 million in the same period last year. Profits fell mainly due to an increase in credit loss provisions to $13.9 million, compared with a $2.6 million provision release in the corresponding period, while operating income declined 3.5% to $133.2 million. Third-quarter profit was $5.7 million, compared with $12.5 million, while the capital adequacy ratio stood at 37%.
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