InvestBank net profit rises by 5.14% in H1

13/07/2017 05:59 AST

InvestBank achieved positive results during the first half of this year as its net profits rose by 5.14 per cent to Dhs177.9 million, up from Dhs169.23 million during the corresponding period of 2016.

The financial data showed that the bank's profits grew by 5.34 per cent to Dhs88.27 million during the second quarter of this year, compared with Dhs83.8 million during the corresponding period of 2016.

The bank's total assets by the end of June 2017 reached around Dhs16.42 billion compared with Dhs16.12 billion during the same period last year, while its operational income reached Dhs347 million by the end of the first half of this year including Dhs196.26 million in the second quarter.


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