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AUB logs $697.5m profits in FY18

AUB logs $697.5m profits in FY18
AUB has registered a growth of 2.4% in operating revenues
AUB
AUB
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Mubasher: Ahli United Bank (AUB) achieved an increase of 12.7% in net profits attributed to shareholders during fiscal year 2018 compared to the prior year.

Earnings soared to $697.53 million in FY18 from $618.71 million in FY17, according to a bourse statement on Tuesday.

AUB has registered a growth of 2.4% in operating revenues to $1.21 billion in FY18 from $1.12 billion in the prior fiscal year.

The bank’s assets increased by 6.8% year-on-year to $35.51 billion in FY18 from $33.24 billion by the end of FY17.

It is noteworthy that AUB is listed on both Bahrain Bourse (BHB) and Boursa Kuwait.