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Ajman Bank’s profits grow to AED 90m in 9M

Ajman Bank’s profits grow to AED 90m in 9M
The bank’s net operating income increased to AED 476.769 million
Ajman Bank
AJMANBANK
-4.06% 1.89 -0.08

Dubai – Mubasher: The net profits of Ajman Bank jumped to AED 90.13 million during the first nine months of 2021 from AED 55.858 million in the year-ago period, as shown by the bank’s interim financials for the nine-month period ended 30 September 2021. 

The bank’s net operating income increased to AED 476.769 million in the January-September period of 2021 from AED 424.17 million in the corresponding period of 2020. 

The bank’s assets amounted to AED 21.505 billion as of 30 September 2021, compared to AED 21.507 billion as of 31 December 2020. 

During the third quarter (Q3) of 2021, the bank’s net profits hiked to AED 28.249 million from AED 12.889 million in the same quarter of 2020. 

It is noteworthy to mention that during the first half (H1) of 2021, the bank’s net profits jumped by 44% to AED 61.881 million, compared to AED 42.969 million in the same period of 2020.