Dubai - Mubasher: The financial results of Mashreq Bank showed a 21% decline in net profits during the fourth quarter of 2016.
Profits reached AED 441 million ($120.04 million) in Q4-16 compared to AED 556 million ($151.35 million) in Q4-15.
The bank’s profits also decreased by 20% and reached AED 1.93 billion in 2016 compared to AED 2.4 billion in 2015.
