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Arab Islamic Bank earns pretax income of $1.03 million in Q1 2013

2013-04-21

According to company data for the first three months of the year, net profit before tax reached 1,026,328 USD, compared with a net profit before tax of 790,382 USD from the first three months of 2012, a net increase of 29.9%. Total assets of the company reached 394,157,662 USD as of March 31^st, 2013, compared to total assets of 373,898,769 USD as of December 31^st, 2012, a net increase of 5.4%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 355,014,976 USD as of March 31^st, 2013, compared to total liabilities and restricted & unrestricted investments accounts of 333,746,572 USD as of December 31^st, 2012, a net increase of 6.4%. Net ownership equity of the company reached 58,406,145 USD as of March 31^st, 2013, compared with a net ownership equity of 57,632,968 USD as of December 31^st, 2012, a net increase of 1.3% in the first three months.