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AIB posts net income of $6.40 million at the end of 2017

2018-02-18

According to the financial statements of for year 2017, Net profit after tax of the period reached 6,402,924 USD Compared with Net profit after tax 6,220,821 USD for 2016, a net increase in profit of 2.93%.Total assets of the company reached 1,041,103,696 USD compared with total assets of 794,135,877 USD at the end of year 2016, a net increase of 31.10%.Total liabilities of the company reached 934,107,781 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 719,081,024 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 29.90%. Net ownership equity of the company reached 106,995,915 USD compared with total owner equity of 75,209,854 USD at the end of year 2016, a net increase of 42.26%.Noting that paid-in capital increased from 50,000,000 USD in year 2016 to 75,000,000 USD of this year,a net increase of 50.00%