Abu Dhabi Commercial Bank PJSC 2018 AR2
The report highlights Abu Dhabi Commercial Bank's (ADCB) robust performance in 2018, with net profit increasing by 13% year-on-year to AED 4.840 billion and record operating income of AED 9.181 billion. The company announced a landmark merger with Union National Bank and the subsequent acquisition of Al Hilal Bank to create a preeminent banking group. In sustainability, ADCB decided to adopt the Equator Principles to manage environmental and social risks in project financing. Additionally, the company expanded its digital capabilities, with over 95% of retail financial transactions conducted electronically, and continued its commitment to Emiratisation and gender diversity, with women comprising 39% of the workforce.
Company: Abu Dhabi Commercial Bank PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2018
Type: AR2
Pages: 226
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Abu Dhabi Commercial Bank PJSC
Annual Report
The report highlights Abu Dhabi Commercial Bank's (ADCB) robust performance in 2018, with net profit increasing by 13% year-on-year to AED 4.840 billion and record operating income of AED 9.181 billion. The company announced a landmark merger with Union National Bank and the subsequent acquisition of Al Hilal Bank to create a preeminent banking group. In sustainability, ADCB decided to adopt the Equator Principles to manage environmental and social risks in project financing. Additionally, the company expanded its digital capabilities, with over 95% of retail financial transactions conducted electronically, and continued its commitment to Emiratisation and gender diversity, with women comprising 39% of the workforce.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Published
Mar 10, 2019
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
Women in Management
Employees