Dubai – Mubasher: Ajman Bank posted a 13.3% year-on-year decline in its profits during the first quarter of 2017, according to a bourse statement.
Profits reached AED 26 million ($7.08 million) in Q1-17, compared to AED 30 million ($7.18 million) in Q1-16.
Total expenses rose 28.4% to AED 106.63 million in Q1-17, compared to AED 83.08 million in Q1-16.
By the end of 2016, profits grew 2.8% to AED 125.55 million from AED 122.08 million by the end of 2015.
