Abu Dhabi Commercial Bank PJSC 2016 AR2
The report highlights Abu Dhabi Commercial Bank's (ADCB) strong financial and operational performance in 2016, achieving an operating income of AED 8.495 billion and a return on equity of 15.7%. Despite a challenging macroeconomic environment, the bank continued to invest in digital transformation, notably launching its first uBank digital banking center at Yas Mall. ADCB also advanced its sustainability initiatives, ranking third on the S&P/Hawkamah ESG Pan Arab Index and investing AED 13.7 million in community programs. Additionally, the bank strengthened its commitment to Emiratisation through its Tamooha initiative, which empowers Emirati women in the workforce.
Company: Abu Dhabi Commercial Bank PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2016
Type: AR2
Pages: 194
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Abu Dhabi Commercial Bank PJSC
Annual Report
The report highlights Abu Dhabi Commercial Bank's (ADCB) strong financial and operational performance in 2016, achieving an operating income of AED 8.495 billion and a return on equity of 15.7%. Despite a challenging macroeconomic environment, the bank continued to invest in digital transformation, notably launching its first uBank digital banking center at Yas Mall. ADCB also advanced its sustainability initiatives, ranking third on the S&P/Hawkamah ESG Pan Arab Index and investing AED 13.7 million in community programs. Additionally, the bank strengthened its commitment to Emiratisation through its Tamooha initiative, which empowers Emirati women in the workforce.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available