Abu Dhabi – Mubasher: Invest Bank, listed on the Abu Dhabi Securities Exchange (ADX), has suffered losses of AED 179.65 million for the first half of 2019, versus AED 71.82 million in H1-18.
Loss per share (LPS) stood at AED 0.06 in H1-19, compared to AED 0.05 in the year-ago period, according to a bourse filing.
Total operating income fell to AED 204.20 million in the six-month period ended 30 June 2019 from AED 339.03 million in H1-18.
Net interest income reached AED 115.38 million during the January-June period of 2019, versus AED 222.27 million in the prior-year period, the bank highlighted.
During the second quarter of 2019, the bank has trimmed its losses to AED 73.73 million from AED 135.51 million in Q2-18.
LPS dropped to AED 0.02 during the three-month period ended 30 June 2019, versus AED 0.09 in Q2-18.
Total assets amounted to AED 11.69 billion at the end of June 2019, versus AED 14.026 billion as at 31 December 2019.
