iPhone | iPad
Android
Huawei
The film also stars Trisha Krishnan, Arjun Sarja and Gautham Menon
KT APPDOWNLOAD
Ajman Bank reports Dh61.9m profit in the first half of the year
Supplied
Ajman Bank has achieved a consolidated net profit of Dh61.9 million for the first half of 2021, compared to a profit of Dh43 million for the same period last year, an increase of 44 per cent.
Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, and Chairman of Ajman Bank, chaired the meeting of the board of directors of the bank.
During the meeting, it was announced that this positive trend was also reflected in the increase in the bank’s net operating income of Dh331.9 million for the first half of 2021 achieving an increase of 19 per cent compared to the first half of 2020’s net operating income of Dh278.9 million.
Mohamed Amiri, CEO of Ajman Bank, said: “Ajman Bank experienced a strong performance in the second quarter of 2021, as net revenues started to improve again after the decline during the pandemic. We have seen consumer and corporate confidence rising across our businesses as reflected in our performance. This demonstrates the recovery of the UAE economy and we are optimistic about the momentum ahead.”
Amiri added: “Our strong results for the second quarter of 2021 represent an important turning point for Ajman Bank after a challenging year since the start of the pandemic in March last year. The staff and the board of directors have done their best to preserve the value of the bank’s franchise and help our customers to get through these difficult circumstances, and we are very optimistic about the positive indicators shown by Ajman Bank and the UAE economy in general. We expect the improvement to continue over the coming quarters with sustained revenue growth, lower provisions and better cost control.”
As of June 30, 2021, the total assets amounted to Dh21.3 billion compared to Dh21.5 as at December 2020.
The bank’s capital is Dh2.1 billion, and the total shareholder’s equity is Dh2.58 billion. The bank plays a pivotal role in promoting the development process in Ajman and activating all available possibilities to deliver the added value to its customers in the UAE.
business@khaleejtimes.com
More news from
The Fed delivered a quarter-percentage-point rate increase on Wednesday after a year of larger hikes
The Recording Academy said that the ceremony will honor the three musicians who died last year with special performances
Petrol prices have gone up by up to 27 fils per litre for the month of February
The 74-year-old singer said his body was "still physically weak" after a spinal injury
He claimed that the couple had a verbal agreement to transfer the car to his name when they were still married
Assaults, fights, traffic offences and consuming drugs were the most common crimes
The Olympic medallist speaks to Khaleej Times about the young 19-year-old who is taking the sport by storm