|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.6000 - 0.6000|
|52-week range||0.0060 - 0.6000|
|Beta (5Y monthly)||2.64|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Abu Dhabi Commercial Bank said on Sunday it posted a 27% drop in net profit for 2020, as it booked significantly higher provisions including new ones for troubled hospital operator NMC, for which it had nearly $1 billion in lending exposure. The bank posted a net profit of 3.81 billion dirhams ($1.04 billion) for the year ending Dec. 31, down from a net profit of 5.24 billion dirhams a year earlier. It beat analysts' mean net profit estimate of 3.46 billion dirhams, according to Refinitiv data.
Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group. Several companies linked to Shetty, including top United Arab Emirates hospital operator NMC Health PLC and payments firm Finablr PLC <FINF.L>, have come under severe financial strain this year after short-seller Muddy Waters questioned NMC's financials.
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad.