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Ahli United Bank B.S.C. Reports A Net Profit Of US$ 357.4 Million Attributable To Owners Of The Bank For H1/2018

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 357.4 million for the six months ended 30 June 2018. The net profit reflected a robustgrowth of 14.8% in H1/2018 as compared to the net profit of US$ 311.3 million achieved in H1/2017. The Q2/2018 net profit of US$ 182.7 million represents a 20.3% improvement over the Q2/2017 quarter reported profit of US$ 151.9 million. The Basic Earnings per Share (EPS) in H1/2018 were US 4.3 cents, compared to US 3.7 cents in H1/2017 (EPS US 2.1 cents in Q2/2018 versus US 1.7 cents in Q2/2017).

Net interest income improved by 12.3% to US$ 467.2 million during the first six months of 2018 (Q2/2018: +12.3% versus Q2/2017) driven by improved margins and prudent growth in loanand investments. Increases in net interest income and other fee, trading and investment income resulted in a rise in operating income by 11.8% (Q2/2018:+16.0% versus Q2/2017).Furthermore, adoption of a consistent and disciplined intelligent spend approach together with operational efficiencies resulted in a lower cost to income ratioof26.1% (H1/2017: 27.3%).

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Ahli United Bank B.S.C. Reports A Net Profit Of US$ 174.7 Million Attributable To Owners Of The Bank For Q1/2018
Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 174.7 million for the quarter ended 31 March 2018. The net profit reflected an increase of 9.6% in Q1/2018 as compared to the net profit of US$ 159.4 million achieved in Q1/2017. The Q1/2018 net profit also represents a 16.5% improvement over the Q4/2017 trailing quarter reported profit of US$ 150.0 million. The Basic Earnings per Share in Q1/2018 were US 2.2 cents, compared to US 2.0 cents in Q1/2017.

Net interest income improved by 12.4% to US$229.3 million during the quarterdriven by loanand investments growth besides improved margins.Operating income grew by 7.5% which together with consistent application of operational efficiencies resulted in the Bank’s cost to income ratio of25.9% (Q1/2017: 27.0%).

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Consolidated Financial Statements
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Consolidated Financial Statements,Six Months ended 30 June 2018 (Reviewed)
(English PDF 111 KB)
 
Consolidated Financial Statements
(Arabic)


Consolidated Financial Statements, Six Months ended 30 June 2018 (Reviewed)
(Arabic PDF 157 KB)