Dubai - Mubasher: The unaudited consolidated financials of Mashreq Bank registered a surge in net profits attributable to the owners to AED 606.13 million in the first quarter (Q1) of 2022 from AED 42.98 million in the year-ago period.
The bank's net interest income and income from Islamic products hiked to AED 829.11 million in Q1-22 from AED 697.73 million in Q1-21.
The lender's assets amounted to AED 182.58 billion as of 31 March 2022, up from AED 177.05 billion as of 31 December 2021.
The earnings per share (EPS) settled at AED 3.02 in the first three months (3M) of 2022, versus AED 0.24 in the corresponding period of 2021.
It is noteworthy to mention that in 2021, the bank reported AED 1 billion net profits attributable to the owners, against net losses of AED 1.28 billion in 2020.
