Invest Bank reports Q1 net profit up 6.5 per cent to AED 94.86 million

21/04/2014 12:10 AST

Sharjah-based Invest Bank saw Q1 net profit rise from AED 89.082 million a year ago to AED 94.862 million. The bank also booked a gain of AED 51.796 million on the revaluation of financial assets.

Operating income for Invest Bank was up 7.8 per cent at AED 165.463 million but expenses rose 31.2 per cent to AED 60 million. Total assets were up 4.3 per cent at AED 12.83 billion. Loans and advances rose 3.6 per cent to AED 9.082 billion while customer deposits were up 1.8 per cent at AED 9.172 billion, Shareholders’ equity was up 0.5 per cent at AED 2.61 billion. Earnings per share rose from AED 0.06 to AED 0.07.


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