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AL-Rafah Microfinance Bank earns a pretax income of $0.32 million in Q1 2011

2011-05-03

AL-Rafah Microfinance Bank AMB disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $322,370 compared to an income of $315,470 in the first quarter of 2010. Total assets reached $176,612,799 on 31/03/2011 compared to $158,139,737 as of 31/12/2010. Total Liabilities amounted at $147,675,026 on 31/03/2011 after they reached $129,406,960 on 31/12/2010. Total shareholders’ equity settled at $28,937,773 at the end of the first quarter of 2011 compared to $28,937,773 at the end of 2010.