Invest bank registers Dhs90m profit

25/04/2017 05:45 AST

Invest bank has posted a net profit of Dhs90 million by the end of the first quarter of 2017, recording an increase of 5 per cent over the corresponding period of 2016.

The bank recorded an operational income of Dhs178 million, while its net operational profits reached Dhs143 million, up by 9 per cent over the same period of 2016.

The bank's total net interest income reached Dhs124 million, while its income excluding interest reached Dhs54 million. Total assets stood at Dhs16.1 billion while total liabilities reached Dhs13.2 billion.

According to a statement by the bank, total loans and advances reached Dhs11.9 billion, the same as those recorded in December 2016, while customers' deposits totaled Dhs12.3 billion, recording an increase of 1 per cent over the end of 2016. Shareholders' equity totaled Dhs2.9 billion by the end of the first quarter of 2017.


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