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FINANCIAL NEWS
Ahli United Bank records USD309.8 million Q1 profit
25 Apr 2013
(MENAFN) Ahli United Bank chairman, Fahad Al Rajaan announced that the bank recorded USD309.8 in first quarter profit, reported Gulf Daily News.
The bank’s profit rose by 12.2 percent during the first three months from the previous year, recording USD96.9 million.
Part of the Bahrain based-bank’s profit came from its 29.4 percent owned Ahli Bank Qatar, netting to USD212 million.
Customer deposits helped raise the bank’s assets by USD3.4 billion, which amounts to a total of USD31.7 billion.
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