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AUB net profit attributable to equity shareholders surges by 5.5% to US$ 442.1 million for the period ended 30 september 2016

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 442.1 million for the nine months ended 30 September 2016, an increase of 5.5% as compared to US$ 419.2 million achieved in YTD Q3/2015. The net profit achieved for the third quarter of 2016 was US$ 140.9 million, similar to 2015 third quarter reported profit of US$ 140.9 million. The Basic Earnings per Share in YTD Q3/2016 increased to US 6.3 cents, from US 6.2 cents in YTD Q3/2015.

The growth in net profit of AUB was underpinned by the growth in its total assets to US$ 35.8 billion (+5.3%) from US$ 34.0 billion at 2015 year end. Net interest income grew by 2.5% from US$ 604.8 million to US$ 619.7 million. Fees, commissions & other income grew by 4.9% from US$ 123.2 million to US$ 129.3 million. As a result, net operating income increased by 5.2% to reach US$ 763.7 million. With the continued application of our “intelligent spend” policy, operating expenses were contained at US$ 235.1 million (+2.4%) resulting in a cost to income ratio of 28.3% (YTD Q3 / 2015: 27.5%).

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AUB reports H1/2016 net profit of US$ 301.2 million attributable to its shareholders

Ahli United Bank B.S.C. (AUB) reported a record net profit of US$ 301.2 million attributable to its equity shareholders for the half year ended 30 June 2016. The net profit reflected an increase of 8.2% in H1/2016 as compared to the net profit figure of US$ 278.4 million achieved in H1/2015. The Q2/2016 net profit of US$ 146.6 million represents a 11.7% improvement over the Q2/2015 reported profit of US$ 131.2 million. The Basic Earnings per Share in H1/2016 were US 4.2 cents, as compared to US 4.1 cents in H1/2015.

AUB continued to grow its operating income with net interest income (NII) rising by 4.0% to US$ 407.4 million during the period. Total operating income grew by 7.8% from US$ 529.3 million to US$ 570.9 million. The cost income ratio improved to 27.7% (H1/2015: 28.8%).

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Consolidated Results for 30 September 2016
(English)


Consolidated Financial Statements for 9 Months Ended 30 September 2016 (Reviewed)
(English PDF 115 KB)
 
Consolidated Results for 30 September 2016
(Arabic)


Consolidated Financial Statements for 9 Months Ended 30 September 2016 (Reviewed)
(Arabic PDF 164 KB)