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Ahli United Bank B.S.C. Reports A Net Profit Of Us$ 618.7 Million Attributable To The Owners Of The Bank For 2017

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 618.7 million for the year 2017, representing a growth of 8.4% as compared to a net profit of US$ 570.6 million in 2016. The net profit in Q4/2017 was US$ 150.0 million as compared to US$ 128.5 million in Q4/2016.

Net operating income increased from US$ 986.6 million to US$ 1,030.4 million in 2017 (+ 4.4%), driven largely by a rise in net interest income (NII) of 5.8% to US$ 876.5 million (2016: US$ 828.2 million). The NII increase was achieved through higher spreads resulting from focused balance sheet management together with prudent growth in asset volumes within acceptable risk criteria. The disciplined cost culture within the AUB Group resulted in a cost income ratio of 28.8% (2016: 27.6%).

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Ahli United Bank B.S.C. reports H1/2017 profit of US$ 311.3 Million attributable to the Equity Shareholders
Ahli United Bank B.S.C. (AUB) reported a record net profit of US$ 311.3 million for the half year ended 30 June 2017, up 3.4% compared to the net profit of US$ 301.2 million in H1/2016. The Q2/2017 net profit of US$ 151.9 million represents a 3.6% improvement over the Q2/2016 reported profit of US$ 146.6 million. The Basic Earnings per Share in H1/2017 were US 3.9 cents, as compared to US 3.8 cents in H1/2016.

Net Interest income improved by 2.1% year-on-year driven by loan growth and improved margins. Despite generally weak operating conditions, loans recorded moderate growth across the AUB Group funded through an increase in customer deposits, while deploying the additional liquidity surplus into investment grade securities. Operating results were supported by the Bank’s sustained cost efficiencies achieving a cost to income ratio of 27.5% (H1/2016: 27.5%).

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Annual Report 2016


Annual Report 2016 (PDF 3.95 MB)


 
Consolidated Financial Statements
(English)


Consolidated Financial Statements, Year ended 31 December 2017 (Audited)
(English PDF 4.5 MB)
 
Consolidated Financial Statements
(Arabic)


Consolidated Financial Statements, Year ended 31 December 2017 (Audited)
(Arabic PDF 815 KB)