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Islamic Finance Briefing - Categorized | Banking, Performance more

Ajman Bank sees profits soar 75pct

Posted on 06 February 2012

Ajman Bank reported a positive net profit of AED7mn for 2011, a year-on-year increase of 75 per cent compared to the AED4mn profit reported in 2010.
The growth in total income was fuelled by an increase of approximately 73 per cent in income from Islamic financing and a doubling of income from investment securities. The bank’s net income for 2011 was AED179.9mn compared with AED157mn in 2010, an increase of 14.5 per cent………………………………………Full Article: Source

 
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