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Article: Ahli United Bank Reports Net Profit Of Us$ 183.7 Million For The Nine Month Period Ended September 2009.(Financial report)
- Article from:
- Albawaba.com
- Article date:
- November 1, 2009
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Ahli United Bank B.S.C. (AUB) reported a net profit of US$ 183.7 million for the nine month period ended 30 September 2009, compared to US$ 280.1 million for the same period in 2008.
The net profit for the third quarter ended September 2009 was US$ 40.1 million (Q3/2008 -- US$ 68.4 million).
The Group was able to maintain core banking earnings through tight asset liability management and robust cost control measures. The Bank's net interest income to 30 September 2009 showed an increase by 6% to US$ 343.6 million (YTD Q3/2008 -- US$ 324.4 million), benefitting from improved liquidity conditions in the region as well as increased margins on its wholesale ...