Dubai – Mubasher: Ajman Bank reported a 26% year-on-year hike in its profits for the first quarter of 2019.

Net profits stood at AED 42.84 million in Q1-19, compared to AED 34 million in Q1-18, according to the bank’s statement to the Dubai Financial Market (DFM) on Monday.

Similarly, the bank’s net operating income grew 9% year-on-year to AED 154.1 million during the three-month period ended 31 March.

It is worth noting that Ajman Bank’s profits recorded AED 170 million in the full-year 2018.