United Arab Emirates – Mubasher: The Arab Bank for Investment and Foreign Trade (Al Masraf) posted on Monday a rise of 11% in its net profit to AED 405 million ($110.234 million) in 2015.
Net profit came to AED 366 million ($99.6 million) in 2014, according to a statement by the bank.
Operating income increased 13% to AED 437 million ($118.97 million).
The bank’s loans portfolio grew 28.2% to AED 9.43 billion ($2.567 billion) last year.
