Invest Bank PSC (INVESTB)

Abu Dhabi – Mubasher: Invest Bank posted an annual rise in net profit to AED 98.71 million during the first half (H1) of 2024, compared to AED 4.03 million. Net interest income hiked year-on-year (YoY) to AED 92.76 million in H1-24 from AED 45.97 …

Abu Dhabi – Mubasher: Network International joined forces with Invest Bank to boost Network’s digital payment services to the bank’s corporate customers, according to a press release. The collaboration will enable Invest Bank to expand the …

Abu Dhabi – Mubasher: Invest Bank’s CEO Ahmed Mohamed Fawzi Abu Eideh has resigned effective 11 June 2024. The bank’s board assigned the CEO role to a member of the senior management for an interim period, according to a bourse filing. The board …

Abu Dhabi – Mubasher: Invest Bank registered accumulated losses valued at AED 834.21 million as of 30 September 2023, accounting for 20.05% of the capital, according to a bourse filing.   The lender wrote off AED 2.10 billion accumulated loss as …

Abu Dhabi – Mubasher: Invest Bank has incurred net losses of AED 59.01 million during the first half (H1) of 2022, down nearly 9% from AED 64.93 million in H1-21. The loss per share declined to AED 0.019 in H1-22 from AED 0.020 in H1-21, according …

Abu Dhabi – Mubasher: The net losses of Invest Bank declined by 52% to AED 64.93 million in the first half (H1) of 2021, compared to AED 136.12 million in the year-ago period, according to the bank's consolidated interim financials for the …

Abu Dhabi – Mubasher: Invest Bank has incurred accumulated losses of AED 1.752 billion, representing 55% of the bank's capital, as of 2020. The accumulated losses are driven by the bank's non-performing loans, which have negatively affected its …

UAE - Mubasher: Capital Intelligence (CI), the international credit rating agency, has affirmed the ratings of five Emirati banks, with a stable outlook. The banks comprise Abu Dhabi Commercial Bank (ADCB), the Commercial Bank …

Abu Dhabi – Mubasher: The net losses of Invest Bank decreased by 24% to AED 136.12 million in the first half (H1) of 2020 from AED 179.65 million in the corresponding half of 2019. The bank's net interest income declined to AED 62.54 million in …

Abu Dhabi – Mubasher: Invest Bank reported AED 99.49 million worth of losses for the first quarter (Q1) of 2020, down from AED 105.91 million in the corresponding period a year earlier. Total operating income came at AED 74.77 million for the …

Abu Dhabi – Mubasher: Invest Bank incurred AED 2.2 billion accumulated losses in 2019, representing 70% of its capital, according to the bank's disclosure to the Abu Dhabi Securities Exchange (ADX) on Monday. The accumulated losses were driven by …

Abu Dhabi – Mubasher: The net losses of Invest Bank plunged by 61% year-on-year (YoY) to AED 579 million in 2019 from AED 1.47 billion in 2018. The decrease in net losses is attributed to a decline in operating expenses and impairment …

Abu Dhabi – Mubasher: Invest Bank, listed on the Abu Dhabi Securities Exchange (ADX), has sold 150.9 million shares of Ras Al Khaimah Cement Company (RAK Cement) on behalf of A&K International Investment Company.      The sold shares represent …

Abu Dhabi – Mubasher: Invest Bank’s accumulated loss reached AED 1.86 billion at the end of the third quarter of 2019. The bank’s accumulated loss-to-capital ratio recorded 59%, according to a bourse statement released on Wednesday. Invest Bank’s …

Abu Dhabi – Mubasher: Invest Bank posted a 55.6% year-on-year loss decline during the third quarter of 2019, according to a bourse statement released on Tuesday. The bank’s loss reached AED 48.9 million in Q3-19, compared to AED 110.2 million in …

Abu Dhabi – Mubasher: Invest Bank announced it has submitted a proposal to the Securities and Commodities Authority (SCA) to resume stock trading. The bank is now committed to the applicable regulation regarding this matter, according to a filing …

Abu Dhabi – Mubasher: Invest Bank, listed on the Abu Dhabi Securities Exchange (ADX), has suffered losses of AED 179.65 million for the first half of 2019, versus AED 71.82 million in H1-18. Loss per share (LPS) stood at AED 0.06 in H1-19, …

Abu Dhabi – Mubasher: Invest Bank has suffered losses of AED 1.47 billion for the full-year 2018, against a loss of AED 277.74 million in 2017. Loss per share (LPS) stood at AED 0.927 last year, compared to AED 0.175 in 2017, the  Sharjah-based …

Abu Dhabi – Mubasher: Invest Bank announced that its general assembly will approve several decisions in the coming meeting that will be held on Wednesday, 10 April. The general assembly meeting will greenlight the entry of the government of …

Abu Dhabi – Mubasher: InvestBank’s CEO Sami Farhat has resigned after a long period of service. The decision will be effective on 13 September, the bank said, adding that a new CEO will be named soon, according to a bourse statement released on …

Abu Dhabi – Mubasher: Moody's Investors Service has downgraded Invest bank's long-term deposit ratings to Ba1 from Baa3 and adjusted the bank’s baseline credit assessment (BCA) to ba3 from ba2. The international rating agency also downgraded …

Abu Dhabi – Mubasher: Invest Bank’s financial results on Sunday showed that the UAE-based bank swung to a loss in the fourth quarter of 2017.   Losses reached AED 504 million in Q4-17, compared to profits worth AED 38.4 million in the same period …

Abu Dhabi – Mubasher: Invest Bank on Thursday announced acquiring a stake in Ras Al Khaimah Cement Company (RAK Cement). The acquisition, which involved 155 million shares, was done by the bank on behalf of A & K International Investment LLC, …

Abu Dhabi - Mubasher: Sharjah's Invest Bank and Al Ramz Capital on Monday signed a liquidity provision agreement under which Al Ramz Capital has been appointed as a Liquidity Provider (LP) for Invest Bank’s shares listed on the Abu Dhabi …

Abu Dhabi – Mubasher: The Abu Dhabi securities Exchange (ADX) listed Bank of Sharjah and Invest Bank are in talks over a potential merger, an informed source told Reuters on Thursday. The potential deal will form a mega institution with total …