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AIB reports net income of $1.55 million in Q1 2017

2017-04-25

According to the financial statements of the Arab Islamic Bank AIB  for Q1 2017, Net profit after tax of the period reached 2,250,456 USD Compared with Net profit after tax 1,548,491 USD for 2016, a net increase in profit of 45.33%.Total assets of the company reached 920,683,528 USD compared with total assets of 791,442,161 USD at the end of year 2016, a net increase of 16.33%.Total liabilities of the company reached 843,119,411 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 716,387,308 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 17.69%. Net ownership equity of the company reached 77,564,117 USD compared with total owner equity of 75,209,854 USD at the end of year 2016, a net increase of 3.13%.