Mubasher: Ahli United Bank (AUB) made 11.13% growth in net profit for the fourth quarter of 2015 to $118 million (BHD 44.48 million) compared to $106.229 million (BHD 40 million) in same period of 2014, according to the bank’ statement posted on the bourse website on Tuesday .
The bank’s board of directors recommended the distribution of cash dividends at 18% of capital or 4.5 cents per share (14.97 fils per share), as well as bonus shares at 5% of capital or 5 shares for every 100 held shares.
AUB’s net profit increased by 11.34% to $537.25 million in 2015, compared to $482.53 million in 2014.
The financial statements revealed a growth in net profit by 11.4% to $419.2 million (BHD 157 million) for the first nine months of 2015, compared to $376.3 million (BHD141 million) in same period of 2014.
The lender achieved $141 million net profit in the third quarter of 2015, with an increase of 23.8% year-on-year from $113.8 million.
