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ADCB Reports Profits of AED 2.085 Billion, Down 3%
from 2006 Details |
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| In 2007 the Bank continued to make sound investments
into all business lines and preserved its culture of discipline and prudence. Every business line performed well and the Bank’s revenue bases grew in a balanced manner.
The Bank maintained its focussed and clear strategy, preserved its market leading franchise and continued to deliver excellent service to customers.
The Bank remains committed to achieving international best practice standards throughout its activities. In particular, the Bank seeks to observe the highest ethical principals in its business activities including accountability, transparency, fairness and responsibility. To further this commitment, in 2007 the Bank launched initiatives to implement and improve corporate governance across the Bank. The Bank is confident that these initiatives will create further value for shareholders, protect the interests of stakeholders and improve the Bank’s ability to respond to business opportunities. Harnessing human talent remains of critical importance to the Bank’s success; a number of initiatives were introduced in 2007 to enhance our employee productivity and development. Special attention was also given to attracting, training and retaining high calibre UAE Nationals across all levels of the Bank. Our efforts in this field were recognized by the 2007 HRD Banking Sector award from Emirates Institute for Banking Studies.
On behalf of the Board of Directors and the Executive Management team, I would like to express our sincere appreciation and gratitude to our shareholders for their support, our customers for their trust and to our staff for their loyalty and dedication.
Saeed Mubarak Rashed Al Hajeri
Chairman of the Board |
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Investor Relations
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Al Nokhitha Fund NAV as of 31/12/2008 is AED 3.388 up 2.975 % from 30/12/2008
ADCB MSCI UAE Index Fund NAV as of 31/12/2008 is AED 3.416 up 2.292 % from 30/12/2008
ADCB MSCI Arabian Markets Fund NAV as of 04/01/2009 is USD 4.403 up 1.364 % from 31/12/2008
Al Basha'er Fund NAV as of 30/11/2008 is USD 8.729016 down 8.134 % from 31/10/2008
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