Abu Dhabi – Mubasher: Invest Bank turned profitable in the fourth quarter of 2016, according to a bourse statement.
Profits reached AED 38.33 million ($10.43 million) in Q4-16, against losses of AED 18.58 million ($5.06 million) in Q4-15.
In 2016, profits grew 7.7% to AED 271,710 from AED 252,200 in 2015.
Total operating revenues increased 4.1% to AED 741.05 million in 2016, compared to AED 711.73 million in 2015.
