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- Bahrain All Share Index closes higher
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16/11/2017 05:29 AST
Investbank has affirmed that it has acquired 405 million stocks in Amanat Holdings on behalf of TC Blitz, listed in Abu Dhabi Stock Exchange.
The bank reported in a separate statement to the Abu Dhabi Stock Exchange that Investbank currently owns around 16.4% of Amanat's stake.
Investbank posted net profits of Dhs226 million during the first nine months of this year compared with Dhs233 million during the corresponding period of 2016.
The bank recorded an increase of 14 per cent in its total assets as on September 30, 2017 compared to the corresponding period of 2016 and 9 per cent compared to the balance recorded on December 31st, 2016.
The growth of total assets was supported by the increase in customers' deposits, which rose by 17 per cent compared to the balance recorded on September 30, 2016 and 12 per cent compared with the balance recorded on December 31st, 2016.
This led the ratio of loans to deposits to improve to 94.2 per cent on September 30. Liquidity also improved with the liquid assets reaching 13.4 per cent, exceeding the required percentage of 10 per cent.
Loans and advances increased by 9 per cent compared to the corresponding period of last year and 8 per cent compared to the balance recorded on December 31st, 2016.
The Gulf Today
13/07/2017
InvestBank achieved positive results during the first half of this year as its net profits rose by 5.14 per cent to Dhs177.9 million, up from Dhs169.23 million during the corresponding period of 2016
The Gulf Today
25/04/2017
Invest bank has posted a net profit of Dhs90 million by the end of the first quarter of 2017, recording an increase of 5 per cent over the corresponding period of 2016.
The bank recorded
The Gulf Today
13/02/2017
Invest bank posted a net profit of Dhs271.7 million by the end of 2016, up by 8 per cent over 2015. The bank posted an operational income of Dhs741 million, while its net operational profit reached D
The Gulf Today
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.10 | 0.10 (0.02 |
| FAB | 16.40 | 0.10 (0.61 |
| EMIRATESNBD | 27.35 | 0.00 (0.00 |
| ADCB | 15.18 | 0.34 (2.29 |
| ADIB | 22.18 | 0.06 (0.27 |
06/11/2025
National Bank of Kuwait (NBK) announced the successful pricing of $300 million Tier 2 subordinated bonds, aimed at strengthening and diversifying the Bank's regulatory capital ratios. The new issuanc
Kuwait Times
06/11/2025
Zain Kuwait has sponsored the GCC Electricity and Water Conservation Forum 2025, hosted by the State of Kuwait at the Sheikh Jaber Al-Ahmad Cultural Center (JACC). The forum brought together a select
Kuwait Times
06/11/2025
Oman's MB Group on Wednesday announced the strategic sale of 80% of its oilfield services subsidiary, MB Petroleum Services MENA (MBPS), to ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil
Muscat Daily
06/11/2025
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully executed its aircraft finance lease facility with IndiGo, an Indian airline, provid
Trade Arabia
06/11/2025
Emsteel Group, one of the region's largest publicly listed steel and building materials manufacturer, today announced the successful pilot launch of private 5G network of its kind in the manufacturin
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia