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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 | 399.50 | 0.00 (0.00 |
| FAB | 16.50 | 0.10 (0.60 |
| EMIRATESNBD | 26.15 | 0.90 (3.56 |
| ADCB | 14.84 | 0.10 (0.67 |
| ADIB | 20.22 | -0.02 (-0.10 |
26/01/2026
The Saudi Arabian Mining Company (Maaden) announced the successful completion of a dollar-denominated sukuk offering with a total value of $1 billion (approximately 3.75 billion riyals). This issuanc
Asharq Al Awsat
26/01/2026
Oman Arab Bank (OAB) on Sunday officially launched its new SME growth initiative, Tumouhi 2026, during a press conference, marking a significant milestone in the bank's long-term commitment to empowe
Muscat Daily
26/01/2026
QNB Group has been honoured by the French Chamber of Commerce (CCI France Qatar) in recognition of its outstanding investments in France and its continued role in strengthening economic cooperation b
The Peninsula
26/01/2026
Sustainability Forum Middle East (SFME) has announced Tabreed, a global leader in energy-efficient district cooling andsustainable cooling infrastructure, as lead partner for its fourth edition, whic
Trade Arabia
26/01/2026
Kuwait Airways has announced the launch of new destinations for its 2026 summer season, including Alexandria, Zurich, Mykonos, Malaga, Sharm El Sheikh, Salalah, Antalya, Trabzon, Sarajevo, Vienna, an
Trade Arabia
Financial Information Co.
Saudi Arabia