Dubai – Mubasher: Ajman Bank recorded net profits of AED 53.4 million in initial results for 2020, down from AED 84.4 million in the earlier year.

The bank's revenues declined to AED 1.049 billion in 2020 from AED 1.274 billion in 2019.

The earnings per share (EPS) settled at AED 0.025 last year, compared to AED 0.039 in  2019.

The bank's total assets reached AED 21.507 billion in 2020, down from AED 23.625 billion in the previous year.