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AUB profit up 25.8%
- Bahrain: Tuesday, February 27 - 2007 at 09:57
Bahrain-based Ahli United Bank has posted a 25.8% increase in profit to $207.5m for 2006, Gulf Daily News reported. Assets grew to $20.8bn from $13.9bn at the 2005. Loans and advances were up 48.3% to $8.9bn. The bank had led a consortium of financial institutions and pension funds to acquire a 89.3% stake in Egypt's Delta International Bank, with AUB holding a 49.8% interest.
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James McInerney, News EditorTuesday, February 27 - 2007 at 09:57 UAE local time (GMT+4)
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This article was updated on Fri Mar 16 2007.
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