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22/01/2018 06:20 AST
Ajman Bank on Sunday reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 2016.
While the bank made significant savings in staff costs that supported the full-year profits, higher impairment charges were up by 47.7 per cent to Dh195 million in 2017, compared to Dh132 million, and they impacted profit growth.
The bank's income from Islamic financing and investing assets surged 21.55 per cent to Dh681.63 million last year, up from Dh560.78 million in 2016. Fees, commission and other income rose 12.4 per cent to Dh149 million in 2017, up from Dh132.54 million in 2016.
The bank's total assets were up at Dh20 billion at the end of 2017, up 25 per cent on the Dh16 billion seen at the close of 2016.
Islamic financing and investment assets, net of investment securities, stood at Dh15.15 billion during the period, compared to Dh12.37 billion in the prior period.
On the liabilities side, the bank reported a significant surge in Islamic customer deposits to Dh14.32 billion in 2017, up from the Dh11 billion seen at the close of 2016.
Gulf News
21/04/2025
Ajman Bank has posted a profit before tax of Dh145 million in Q1 2025, reflecting a 24 per cent increase.
The bank reported the net operating income of Dh199 million, up by 2 per cent for Q
Khaleej Times
27/03/2018
Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment tr
Oman Daily Observer
05/02/2018
Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.
Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 20
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | 0.00 (0.00 |
| FAB | 15.86 | 0.06 (0.37 |
| EMIRATESNBD | 22.60 | 0.70 (3.19 |
| ADCB | 12.30 | 0.10 (0.81 |
| ADIB | 19.10 | 0.18 (0.95 |
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Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
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Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
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Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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