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AIB reports net income of $6.22 million at the end of 2016

2017-02-15

According to the financial statements of the Arab Islamic Bank AIB for the year 2016, Net profit after tax of the period reached 6,220,821 USD Compared with Net profit after tax 5,201,692 USD for 2015, a net increase in profit of 19.59%.Total assets of the company reached 791,442,161 USD compared with total assets of 650,593,114 USD at the end of year 2015, a net increase of 21.65%.Total liabilities of the company reached 716,387,308 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 584,852,194 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2015, a net increase of 22.49%. Net ownership equity of the company reached 75,209,854 USD compared with total owner equity of 69,005,125 USD at the end of year 2015, a net increase of 8.99%.