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Alrafah Microfinance Bank earns a pretax income of $0.315 million in the first quarter of 2010

2010-04-20

Alrafah Microfinance Bank (AMB) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 315,470 comparing to $ 346,264 in the first quarter of 2009. The company’s assets reached $ 163,330,599 at the end 31/03/2010 after they reached $ 162,661,833 on 31/12/2009. Total liabilities reached $ 133,945,009 at the end of the first quarter of 2010 comparing to $ 133,900,057 as of 31/12/2009. Shareholders’ equity reached $ 29,385,590 on 31/03/2010 after they reached $28,761,776 at the end of 2009.


 

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