Last 7.70 AED
Change Today 0.00 / 0.00%
Volume 2.0M
ADCB On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 5:00 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

abu dhabi commercial bank (ADCB) Snapshot

Open
7.70
Previous Close
7.70
Day High
7.75
Day Low
7.60
52 Week High
05/29/14 - 9.38
52 Week Low
12/17/14 - 5.05
Market Cap
43.1B
Average Volume 10 Days
2.1M
EPS TTM
0.74
Shares Outstanding
5.6B
EX-Date
03/12/15
P/E TM
10.4x
Dividend
0.40
Dividend Yield
3.90%
Current Stock Chart for ABU DHABI COMMERCIAL BANK (ADCB)

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abu dhabi commercial bank (ADCB) Details

Abu Dhabi Commercial Bank P.J.S.C. provides retail, commercial, and Islamic banking products and services in the United Arab Emirates and internationally. The company’s Consumer Banking segment offers retail, wealth management, and Islamic financing products and services. This segment’s products and services include loans and deposits; and other transactions and balances with retail customers, and corporate and private accounts of high net worth individuals. This segment is also involved in funds management activities. Its Wholesale Banking segment provides business banking, cash management, trade finance, corporate finance, small and medium enterprise financing, investment banking, infrastructure and asset finance, and government and public enterprises products and services. This segment’s products and services comprise loans, deposits, and other transactions and balances with corporate customers. The company’ Investments and Treasury segment engages in the central treasury operations; and management of investment portfolio, interest rate, currency, and commodity derivative portfolio. This segment undertakes funding and centralized risk management activities through borrowings; debt securities issuance; risk management through usage of derivatives; invests in liquid assets; and trading and corporate finance activities. Its Property Management segment offers real estate management and advisory, and engineering services. In addition, the company provides mutual fund products, and transaction processing and back office support services, as well as acts as an agent for trading financial instruments and stocks. The company operates through a network of 50 branches and 4 pay offices in the United Arab Emirates, 2 branches in India, 1 offshore branch in Jersey, and 1 representative office located in London. The company is headquartered in Abu Dhabi, the United Arab Emirates. Abu Dhabi Commercial Bank P.J.S.C. is a subsidiary of Abu Dhabi Investment Council.

abu dhabi commercial bank (ADCB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

abu dhabi commercial bank (ADCB) Key Developments

Abu Dhabi Commercial Bank P.J.S.C., Annual General Meeting, Mar 03, 2015

Abu Dhabi Commercial Bank P.J.S.C., Annual General Meeting, Mar 03, 2015., at 17:00 Arabian Standard Time. Location: 23rd Floor, ADCB Head Office Buildint (Intersection of Sheikh Zayed Street with Electra Street). Agenda: To approve the board of directors report on the banks activities and financial statements for the year ended December 31, 2014; to approve external auditors report; to approve audited balance sheet and profit and loss account for the year ended December 31, 2014; to distribute cash dividends to shareholders for the year 2014; to absolve Board members and the external Auditors from liability for their work during the year ended December 31, 2014; to determine the Board members remuneration for 2014; to appoint external auditors for the year 2015 and to determine their fees for the same year; and to consider the election or re-election of four members of the Board of Directors.

Abu Dhabi Commercial Bank PJSC Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Abu Dhabi Commercial Bank PJSC reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company posted net interest income of AED 5,079,172,000 against AED 4,968,352,000 a year ago. Operating income was AED 7,529,398,000 compared to AED 7,319,619,000 a year ago. Profit before taxation was AED 4,204,091,000 against AED 3,627,135,000 a year ago. Net profit attributed to equity holders of the bank AED 4,049,731,000 or AED 0.74 basic and diluted per share against AED 3,365,309,000 or AED 0.58 diluted per share a year ago. Interest income was AED 6,367,955,000 against AED 6,519,957,000 a year ago. Net cash from operations was AED 342,377,000 against net cash used in operations of AED 3,209,140,000 a year ago. Net purchase of property and equipment was AED 132,874,000 against AED 82,610,000 a year ago.

Abu Dhabi Commercial Bank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Abu Dhabi Commercial Bank reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company has posted total net interest income of AED 1,392 million against AED 1,343 million a year ago. Operating profit was AED 1,176 million against AED 1,079 million a year ago. Net profit was AED 1,023 million or AED 0.19 basic per share against AED 879 million or AED 0.15 basic per share a year ago. Operating income was AED 1,885 million compared to AED 1,764 million a year ago. For the year, the company has posted total net interest income of AED 5,585 million against AED 5,429 million a year ago. Operating profit was AED 4,966 million against AED 4,961 million a year ago. Net profit was AED 4,201 million or AED 0.74 basic per share against AED 3,620 million or AED 0.59 basic per share a year ago. Operating income was AED 7,529 million compared to AED 7,320 million a year ago. ROAA for 2014 was 2.00% compared to 1.72% in 2013.

 

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Industry Analysis

ADCB

Industry Average

Valuation ADCB Industry Range
Price/Earnings 10.4x
Price/Sales 5.9x
Price/Book 1.5x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
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