Dubai – Mubasher: The net profits of Ajman Bank jumped by 44% to AED 61.881 million in the first half (H1) of 2021, compared to AED 42.969 million in the same period of 2020, as per the bank's interim financials for the six-month period ended 30 June 2021.

The bank's net operating income amounted to AED 331.852 million in the January-June period of 2021, up 19% from AED 278.865 million in the year-ago period.

The bank's assets reached AED 21.316 billion as of 30 June 2021, compared to AED 21.507 billion as of 31 December 2020.

The basic and diluted earnings per share (EPS) stood at AED 0.029 in H1-21, against AED 0.020 in H1-20.

The CEO of Ajman Bank, Mohamed Amiri, said: "We have seen consumer and corporate confidence rising across our businesses as reflected in our performance. This demonstrates the recovery of the UAE economy and we are optimistic about the momentum ahead."

Amiri commented: "We expect the improvement to continue over the coming quarters with sustained revenue growth, lower provisions, and better cost control."