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FinancialNews
29-10-19
Ahli Bank's Financial results for Q3 of 2019
(MENAFN) The fastest growing bank in the Sultanate, Ahli Bank, has announced its unaudited financial results for the third quarter ended 30 September 2019. The bank maintained its speed of growth in profits, achieving a net profit of 5.2percent to reach USD59.27 million compared to USD56.33 million for the same period in 2018.
The bankØ·s operating income raised by 13.5percent to reach USD 134.27 million, compared to USD118.30million for the same period last year, despite the increase in operating expenses, which amounted to USD 52.82 million, compared to the operating expenses recorded for the same period of 2018, amounting to USD 45.20 million.
The customer deposits increased by 3.5percent to reach USD 4,220.54million, compared to the same period last year, and total shareholders' equity increased to USD 996.3 million, compared to USD 789.3 million at the end of September 2018. Total loans and financing increased by 10.2percent to USD 5,359.94million.
MENAFN2910201900450000ID1099192879
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