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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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Ahli United Bank B.S.C. reports a Q1/2017 profit of US$ 159.4 million attributable to the equity shareholders
Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 159.4 million for the quarter ended 31 March 2017. The net profit reflected an increase of 3.1% in Q1/2017 as compared to the comparative net profit figure of US$ 154.6 million achieved in Q1/2016. The Q1/2017 net profit also represents a 24.0% improvement over the Q4/2016 trailing quarter reported profit of US$ 128.5 million. The Basic Earnings per Share in Q1/2017 were US 2.1 cents, same as in Q1/2016.

Given the continuing weak operating environment, AUB focused on optimizing its balance sheet management strategy resulting in an increase in net interest income by 1.4% to US$ 204.1 million during the quarter. The cost to income ratio improved to 27.3% (Q1/2016: 27.7%).

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Annual Report 2016


Annual Report 2016 (PDF 3.95 MB)


 
Consolidated Financial Statements
(English)


Interim Condensed Consolidated Financial Statements, as of 30 September 2017
(English PDF 258 KB)
 
Consolidated Financial Statements
(Arabic)


Interim Condensed Consolidated Financial Statements, as of 30 September 2017
(Arabic PDF 851 KB)