The UAE-based Mashreq Bank, Dubai's third-biggest bank by assets, on Wednesday reported a Q4-2015 net profit of AED 556.2 million, a 13.7 percent drop year-on-year (YoY).

 

Net profit for the 2015 fiscal year remained flat YoY at AED 2.4 billion, the bank said in a statement.

 

The Dubai-listed lender’s non-performing loans to gross loans ratio decreased to 2.8 percent at the end of December 2015, from 3.7 percent in the previous year. Total assets increased by 8.8 percent YoY to AED 115.2 billion in 2015.

 

Mashreq recorded AED 1 billion in impairments by the end of 2015, down from AED 1.08 billion set aside for bad loans during 2014.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request