RIYADH: Abu Dhabi Islamic Bank, or ADIB, could make revenues from raising interest rates of 450 million dirhams ($123 million) in 2023, the bank’s chief financial officer told CNBC Arabiya.
Every increase in interest rates by 50 basis points adds 120 million dirhams in revenue for the bank, Mohamed Abdel Bari noted.
He added that the bank does not expect corporate tax law to have an impact on its distribution policy.
