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AIB posts net income of $3.32 million in 9M 2014

2014-10-26

According to the Arab Islamic Bank Company AIB’s data for the first nine months of the year, net profit after taxes reached 3,323,288 USD, compared with a net profit after taxes of 2,725,899 USD from the first nine months of 2013, a net increase of 21.9%. Total assets of the company reached 544,723,127 USD as of September 30^th, 2014, compared to total assets of 469,814,701 USD as of December 31^st, 2013, a net increase of 15.9%. Total liabilities and restricted & unrestricted investments accounts of the company reached 492,174,148 USD as of September 30^th, 2014, compared to total liabilities and restricted & unrestricted investments accounts of 428,108,962 USD as of December 31^st, 2013, a net increase of 15.0%. Net ownership equity of the company reached 66,835,139 USD as of September 30^th, 2014, compared with a net ownership equity of 62,321,764 USD as of December 31^st, 2013, a net increase of 7.2% in the first nine months. Furthermore, paid-in capital increased from 48,719,588 USD on December 31^st, 2013 to 50,000,000 USD by September 30^th, 2014, an increase of 2.6%.