Interview: ADCB to launch series of mutual funds

The turnaround strategy of Abu Dhabi Commercial Bank (ADCB) put in place last year by its new chief executive, Eirvin Knox, has begun bearing fruit.

Last updated: July 25, 2004 | 01:00

By Stanley Carvalho, Staff Reporter

1 MIN READ

The turnaround strategy of Abu Dhabi Commercial Bank (ADCB) put in place last year by its new chief executive, Eirvin Knox, has begun bearing fruit.

Profitability has improved remarkably on the back of higher income, lower costs and falling provisions.

Eirvin Knox

Gulf News:

The bank's net profit jumped 11 per cent in first half 2004. To what can the growth be attributed?

GN:

So the turnaround strategy is now reaping rewards?

GN:

Is the low interest rate regime still impacting the bank?

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What about project financing?

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What is the outlook for the rest of the year?

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Is ADCB entering the mutual funds business?

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What about branch expansion?

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How is the emiratisation programme progressing?

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