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Islamic Finance Briefing - Categorized | Banking, Performance more

Ajman Bank slashes operational losses by 29pct

Posted on 03 November 2009

From Gulfnews.com: Ajman Bank, the emirate’s first Islamic commercial bank, yesterday announced it has succeeded in cutting its third-quarter operational loss by 29 per cent in comparison to the second quarter.

The accumulated loss of Dh31 million since inception is better than management expectations and the bank’s total assets currently stand at Dh1.75 billion……………………..Full Article: Source

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