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AIB posts net income of $8.01 million in 2020

2021-02-16

According to the financial statements of the Arab Islamic Bank AIB for the year 2020, Net profit after tax of the period reached 8,014,336 USD Compared with Net profit after tax 9,010,282 USD for 2019, a net decrease in profit of 11.05%.Total assets of the company reached 1,557,048,782 USD compared with total assets of 1,271,928,380 USD at the end of year 2019, a net increase of 22.42%.Total liabilities of the company reached 1,436,805,052 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,155,364,740 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2019, a net increase of 24.35%. Net ownership equity of the company reached 120,243,730 USD compared with total owner equity of 116,563,640 USD at the end of year 2019, a net increase of 3.16%.Noting that paid-in capital increased from 84,919,252 USD in year 2019 to 88,469,252 USD of this year,a net increase of 4.18%.