|
|
Article: Jordan: Ahli United Bank s Operating Income Rises 4.5pc.(Financial report)
- Article from:
- TendersInfo
- Article date:
- February 21, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sander03
Ahli United Bank (AUB) on Thursday announced a 4.5 per cent growth in total operating income to $665.5 million as compared to $637 million in 2007. The Bank s reported net profit of $255.7 million for the year (2007: $296.3 million) was impacted by increased levels of specific and precautionary provisions taken in light of the prevailing adverse operating environment.
The results include a higher level of net loan loss provisions of $96.8 million (including $41.6 million of additional collective impairment general provisions charge) to ensure adequate coverage of problematic exposures and maintenance of asset quality in a prudent manner ...