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AIB records net income of $4.13 million at the end of 2014

2015-02-15

According to the Arab Islamic Bank Company AIB’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 4,129,844 USD, compared with a net profit after tax of 3,500,463 USD in the audited data for 2013, a net increase of 18.0%. Total assets of the company reached 561,908,064 USD as of December 31st , 2014, compared to total assets of 468,267,496 USD as of December 31st, 2013, a net increase of 20.0%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 503,596,812 USD as of December 31st , 2014, compared to total liabilities and restricted & unrestricted investments accounts of 426,561,757 USD as of December 31st, 2013, a net increase of 18.1%. Net ownership equity of the company reached 67,729,769 USD as of December 31st , 2014, compared with a net ownership equity of 62,321,764 USD as of December 31st , 2013, a net increase of 8.7%. Furthermore, paid-in capital increased from 48,719,588 USD on December 31st , 2013 to 50,000,000 USD by December 31st , 2014, an increase of 2.6%.