BANKING FINANCE

MASHREQ REPORTS AED271 MILLION IN NET PROFIT FOR Q1 2012


Net profit edges up 2% to AED 271 million in Q1 2012 as compared to Q1 2011. Total assets at AED 76.6 billion. Capital Adequacy climbs to 23.4%. Drop of 46% provisions for bad loans. Operating expenses remain stable.   Mashreq, one of the UAE’s leading national…read more

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