ABU DHABI: The chairman of Abu Dhabi’Al-Hilal Bank has resigned, a week after the chief executive quit, sources aware of the matter said.

Ahmed Ateeq Al-Mazrouei, chairman of the major Islamic lender since 2008, has left for personal reasons, the sources said.

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

Last week Al-Hilal’s CEO Mohamed Jamil Berro resigned, also citing personal reasons, after seven years with the bank.

The bank’s total assets grew to AED41.4 billion from AED38.7 billion.

Al-Hilal’s profit for 2014 plunged to AED90 million ($24.5 million) from AED442 million in 2013 because of large loan impairments, according to the bank’s latest financial statement.