Dubai – Mubasher: Mashreq Bank on Wednesday reported its financials for the first six months of 2015 and said it achieved a net profit of AED 1.327 billion ($0.36120 billion), a rise of 11.6% from AED 1.209 billion ($0.32908 billion) in the same period in 2014, according to a filing to the Dubai Financial Market (DFM).

Operating income was up 5.7% year-on-year to AED 3.0 billion driven by strong growth in net interest income, the bank said in a statement, adding that its net interest income grew 12.7% year-on-year, backed by a 4.5% year-on-year increase in loan volume and stable net interest margins.

Earnings per share (EPS) rose to AED 7.29 during H1-15 from AED 6.53 in the same period in 2014.

Customer deposits at Mashreq Bank increased 6.32% to AED 67.307 billion, from AED 63.305 billion in the same period last year, while loans grew 2.9% to AED 53.776 billion, compared to AED 52.246 billion in H1-14.

Mashreq Bank previously posted a net profit rise by 12.7% to AED 668 million in Q1-15 compared to AED 593 million in the same period in 2014.