Dubai – Mubasher: Ajman Bank has reported a 31% increase in net profit during the first quarter of 2018.
The bank’s net profit registered AED 34.02 million ($9.26 million) in Q1-18 versus AED 26 million in the year-ago period, according to an official statement released on Sunday.
Ajman’s operating income grew 7.06% year-on-year to AED 142 million in the three-month period ended 31 March, the Dubai-listed lender added.
In January, the bank posted AED 132.6 million net profit for the full year of 2017.
