Abu Dhabi - Mubasher: Finance House Group (FH) posted an increase in total comprehensive income by 50% in 2016 to AED 65 million compared to AED 43.35 million achieved in 2015, according to a press release.

On the back of a steady growth in the asset book and robust recoveries from non-performing loans, net interest income, income from Islamic financing and investing assets and net income from perpetual instruments grew 23.6% to reach AED 245.4 million in 2016 compared to AED 198.4 million in the previous year.

Net Fee and Commission income was up by 7.7% year on year, fueled in part by higher brokerage fees from a late surge in Q4 trading volumes in domestic equity markets, according to the company’s statement.