Dubai – Mubasher: Ajman Bank on Thursday reported a profit decline of 17.8% in the fourth quarter of 2016, compared with the same period of the previous year.
Profits reached AED 29.74 million ($8 million) in Q4-16, versus AED 36.17 ($9.8 million) during Q4-15, according to the bank’s financial results published on the Dubai Financial Market (DFM).
As for the full year 2016, Ajman Bank posted a 2.8% rise to AED 125.545 million from AED 122.075 million in 2015.
The bank previously reported growth in Q3-16 profits to AED 33.08 million, up 1.34% year-on-year from AED 32.64 million.
Profits in the nine months ended 31 September 2016 increased 11.5% to AED 95.8 million, compared with AED 85.9 million in the same period of 2015.
