Mubasher: Arab Islamic Bank’s (AIB) board of directors agreed to open three new branches.

The new branches will be located in Al-Khalil, Al-Eizariya and Birzeit, according to a bourse filing.

AIB earlier posted a net profit of $1.48 million for the second quarter of fiscal 2016, 7.3% up from $1.38 million for Q2-15.