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EIBANK posts AED 8.86m in Q2

EIBANK posts AED 8.86m in Q2
EIBANK's assets under management fell 9.7% to AED 10.50 billion in Q2-17

Dubai – Mubasher: EIBANK reported a 12.4% year-on-year rise in its profits during the second quarter of 2017, according to a bourse statement.

Net profits reached AED 8.86 million ($2.4 million) in Q2-17, compared to AED 7.88 million ($2.14 million) in Q2-16.

In the first half of 2017, profits rose 99.3% to AED 25.43 million from AED 12.76 million in the prior-year period.

Assets under management (AUM) fell 9.7% to AED 10.50 billion in Q2-17, compared to AED 11.63 billion in Q2-16.