From Tradearabia.com: Dubai-based Mashreq’s second-quarter net profit more than halved from the previous year as the lender booked higher provisions against bad loans.
The lender, Dubai’s largest bank by market value, made a net profit of Dh202 million ($55.01 million) for the three months to June 30, based on Reuters calculations, down from Dh434.9 million in the same period last year……………………………………….Full Article: Source