DUBAI, July 28 (Reuters) - First Abu Dhabi Bank FAB.AD, the United Arab Emirates' biggest lender, reported a 25% fall in quarterly profit on Tuesday, dragged down by another quarter of higher impairment charges.
Its second-quarter net profit was 2.41 billion dirhams ($656 million) versus 3.22 billion dirhams a year earlier. Net impairment charges in the quarter were 1.06 billion dirhams, up 127% from a year ago.
($1 = 3.6728 UAE dirham)
(Reporting by Yousef Saba; Editing by Edmund Blair)
((Yousef.Saba@thomsonreuters.com; +971562166204))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
