Chairman of Abu Dhabi's Al Hilal Bank resigns -sources

By Stanley Carvalho

ABU DHABI, July 20 (Reuters) - The chairman of Abu Dhabi's government-owned Al Hilal Bank has resigned, a week after the chief executive quit, sources aware of the matter told Reuters on Monday.

Ahmed Ateeq al-Mazrouei, chairman of the major Islamic lender since 2008, has left for personal reasons, the sources said, declining to be named as they were not authorised to speak to media.

Senior board member Mohamed Abdullah al-Rumaithi has been appointed to succeed him, the sources said.

Last week Al Hilal's chief executive Mohamed Jamil Berro resigned, also citing personal reasons, after seven years with the bank.

Al Hilal's profit for 2014 plunged to 90 million dirhams ($24.5 million) from 442 million dirhams in 2013 because of large loan impairments, according to the lender's latest financial statement. The bank's total assets grew to 41.4 billion dirhams from 38.7 billion dirhams. (Editing by Andrew Torchia and Susan Fenton)