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AIB posts net income of $1.55 million in Q1 2016

2016-04-17

According to financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2016, Net profit after tax of the period reached 1,548,491 USD Compared with Net profit after tax 1,315,296 USD for 2015, a net increase in profit of 17.73%. Total assets of the company reached 675,663,508 USD compared with total assets of 650,593,114 USD at the end of year 2015, a net increase of 3.85%.Total liabilities of the company reached 607,235,161 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 584,852,194 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2015, a net increase of 3.82%. Net ownership equity of the company reached 70,199,004 USD compared with total owner equity of 69,005,125 USD at the end of year 2015, a net increase of 1.73%.