The emirate's third largest bank by assets made a net profit attributable to shareholders of $324 million in the three months to Dec. 31
Abu Dhabi Commercial Bank (ADCB) on Sunday posted a 16 percent rise in fourth-quarter net profit.
The emirate's third largest bank by assets made a net profit attributable to shareholders of 1.19 billion dirhams ($324 million) in the three months to Dec. 31, compared to 1.02 billion dirhams in the corresponding period of the previous year, it said in a bourse statement.
Two analysts polled by Reuters had forecast net profit for the quarter of 986 million dirhams and 1.12 billion dirhams respectively.
The bank also proposed paying a cash dividend of 0.45 dirhams per share for 2015. This is higher than the 0.40 dirhams it paid for 2014.
ADCB made a 2015 net profit of 4.92 billion dirhams, up 22 percent on 2014, it said in a statement.