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Islamic Finance Briefing - Categorized | Banking, Performance more

Ajman Bank’s HY net profit soars by 250pct

Posted on 09 August 2012

Ajman Bank , the award-winning financial services institution and winner of the ‘Fastest Growing Bank in the UAE’ title, announced today its financial results for the first six months ended June 30th, 2012, demonstrating record growth and continued positive momentum.
Ajman Bank reported a Net Profit of AED 11.7 million for the first six months of this year, representing a robust increase of 250% from the same period in 2011. Profit for the second quarter of 2012 was of AED 7.2 million up from 0.5 million for the second quarter of last year. The second quarter profit also rose by 60% compared to the profit of AED 4.5 million recorded during the first quarter of 2012………………………………………..Full Article: Source

 
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