Dubai-Mubasher: Mashreq Bank saw a 16.1% rise in its second-quarter profits, according to a bourse statement.
Profits reached AED 553.2 million ($150.6 million) in Q2-16, compared to AED 659.3 million ($179.5 million) in Q2-15.
In H1-16, profits declined 18% to AED 1.09 billion from AED 1.33 billion in H1-15.
Bad loan provisions grew 98% to AED 838 million in H1-16, compared to AED 424 million in H1-15.
