Abu Dhabi Commercial Bank

ADCB

AEA000201011

Banks

Market Closed - Abu Dhabi Securities Exchange Other stock markets 06:57:27 2024-04-26 am EDT			5-day change	1st Jan Change
8.31 ^AED	+0.24%		+0.85%	-9.48%

Apr. 26	Abu Dhabi Commercial Bank Pjsc Approves Distribution for the Year 2023	CI
Apr. 26	Moody's Affirms Abu Dhabi Commercial Bank Ratings on High Likelihood of Government Support	MT

Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 30, 2024

Abu Dhabi Commercial Bank PJSC reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net income was AED 2,454 million compared to AED 1,784 million a year ago.

Latest news about Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank Pjsc Approves Distribution for the Year 2023	Apr. 26	CI
Moody's Affirms Abu Dhabi Commercial Bank Ratings on High Likelihood of Government Support	Apr. 26	MT
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Abu Dhabi Commercial Bank Q1 Earnings Jump	Apr. 25	MT
Abu Dhabi Plans Eurobond Issuance	Apr. 23	MT
Abu Dhabi Commercial Bank to Pause Trading Amid Board Meeting on April 25	Apr. 22	MT
Olam Group’s Unit Secures Financing Facility Worth $625	Apr. 05	MT
Abu Dhabi's Mubadala Mulls $1 Billion Sukuk Sale	Mar. 20	MT
Al Rajhi Banking Commences Sustainable Sukuk Offer	Mar. 05	MT
Egypt cenbank raises interest rates by 200 bps amid IMF talks	Feb. 01	RE
Abu Dhabi Commercial Bank PJSC Proposes Cash Dividend for the Year 2023	Jan. 31	CI
UAE bank ADCB Q4 net profit 38% gain beats forecasts	Jan. 31	RE
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 31	CI
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 30	CI
Abu Dhabi Commercial Bank Expands Its Regional Presence Through Strategic Expansion into the Kingdom of Saudi Arabia	Jan. 17	CI
ADCB to Sell Majority Stake in Real Estate Subsidiary	Nov. 08	CI
Nine Yards Plus Holding Signed a binding offer to acquire 80% stake Abu Dhabi Commercial Properties L.L.C. from Abu Dhabi Commercial Bank PJSC.	Nov. 07	CI
Saudi Arabia posts budget deficit of $9.5 billion in third quarter	Nov. 01	RE
Abu Dhabi Commercial Bank PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-25	CI
Egypt's bonds fight back after Moody's downgrade triggers tumble	23-10-06	RE
Egypt's bonds spiral lower after Moody's downgrades on economic crisis	23-10-06	RE
Egypt in talks for Emirati funding to buy Kazakh wheat -traders	23-09-25	RE
ADNOC, Abu Dhabi's TAQA secure financing for $2.2 bln water project	23-09-25	RE
Egypt in talks for Emirati funding to buy Kazakh wheat -traders	23-09-24	RE
Oil cut extension raises risk of Saudi economic contraction this year	23-09-08	RE

Chart Abu Dhabi Commercial Bank

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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

2024-05-19 - Morgan Stanley ADX Conference

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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

8.31 AED

Average target price

10.42 AED

Spread / Average Target

+25.45%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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