Invest bank posts Dhs271.7 million profit by year-end

13/02/2017 05:41 AST

Invest bank posted a net profit of Dhs271.7 million by the end of 2016, up by 8 per cent over 2015. The bank posted an operational income of Dhs741 million, while its net operational profit reached Dhs552 million.

The bank's total net income generated from interests reached Dhs511 million, while its income excluding interest reached Dhs230 million.

The bank's total assets touched Dhs16 billion, while its total loans and advances stood at Dhs11.9 billion, up by 10 per cent and its customer deposits reached Dhs12.1 billion, up by 7 per cent compared to December 2015.

The bank's shareholders' equity stood at Dhs3 billion by the end of 2016.


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