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AIB posts net income of $1.31 million in Q1 2015

2015-05-04

According to the Arab Islamic Bank AIB’s financial statements for Q1 2015, Net profit after tax of the period reached 1,315,296 USD Compared with Net profit after tax 1,968,953 USD for 2014, a net decrease in profit of 33.20%.Total assets of the company reached 591,459,035 USD compared with total assets of 561,908,064 USD at the end of year 2014, a net increase of 5.26%.Total liabilities of the company reached 529,928,334 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 503,596,812 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2014, a net increase of 5.22%. Net ownership equity of the company reached 68,843,289 USD compared with total owner equity of 67,729,769 USD at the end of year 2014, a net increase of 1.64%.