Dubai - Mubasher: The net profits attributable to the owners of Mashreq Bank skyrocketed to AED 1.39 billion during the first half (H1) of 2022, compared to AED 85.35 million in the year-ago period, according to the bank's unaudited consolidated financials for the period ended on 30 June 2022.
The bank's net interest income and income from Islamic products retreated to AED 83.07 million in H1-22 from AED 92.13 million in the same period of 2021.
The earnings per share (EPS) settled at AED 6.97 in the January-June period of 2022, versus AED 0.43 in the corresponding period of the earlier year.
During the second quarter (Q2) of 2022, the bank's net profits amounted to AED 793.06 million, up year-on-year (YoY) from AED 42.37 million.
It is noteworthy to mention that during the first quarter (Q1) of 2022, the lender registered a surge in net profits attributable to the owners to AED 606.13 million from AED 42.98 million in the year-ago period.
