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AIB posts net income of $3.51 million in 2013

2014-02-17

According to Arab Islamic Bank data for year-end preliminary financial statements for year 2013, net profit after taxes reached 3,510,463 USD, compared with a net profit after taxes of 648,513 USD in the audited data for 2012, a net increase of 441.3%. Total assets of the company reached 468,497,348 USD as of December 31^st, 2013, compared to total assets of 373,898,769 USD as of December 31^st, 2012, a net increase of 25.3%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 426,237,487 USD as of December 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 27.7%. Net ownership equity of the company reached 62,875,886 USD as of December 31^st, 2013, compared with a net ownership equity of 57,632,968 USD as of December 31^st, 2012, a net increase of 9.1%. Furthermore, paid-in capital increased from 47,672,484 USD  on December 31^st, 2012 to 48,719,588 USD  by December 31^st, 2013, an increase of 2.2%.