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AIB posts net income of $2.48 million in H1 2014

2014-08-06

According to Arab Islamic Bank AIB’s data for the first six months of the year, net profit after taxes reached 2,480,264 USD, compared with a net profit after taxes of 1,903,601 USD from the first six months of 2013, a net increase of 30.3%. Total assets of the company reached 493,291,615 USD as of June 30^th, 2014, compared to total assets of 469,814,701 USD as of December 31^st, 2013, a net increase of 5.0%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 443,006,663 USD as of June 30^th, 2014, compared to total liabilities and restricted & unrestricted investments accounts of the bank reached 428,108,962 USD as of December 31^st, 2013, a net increase of 3.5%. Net ownership equity of the company reached 65,953,703 USD as of June 30^th, 2014, compared with a net ownership equity of 62,321,764 USD as of December 31^st, 2013, a net increase of 5.8% in the last six months. Furthermore, paid-in capital increased from 48,719,588 USD on December 31^st, 2013 to 50,000,000 USD by June 30^th, 2014, an increase of 2.6%.