Invest Bank profits fall 17% in Q3

Abu Dhabi – Mubasher: Invest Bank posted a 17.4% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement.

Net profits reached AED 64.14 million ($17.5 million) in Q3-16, compared to AED 77.67 million ($21.14 million) in Q3-15.

In the first nine months of 2016, profits fell 14% to AED 233.38 million from AED 270.78 million in the same period last year.

Mubasher Contribution Time: 20-Oct-2016 12:07 (GMT)
Mubasher Last Update Time: 20-Oct-2016 12:07 (GMT)