13 Aug 2015
(MENAFN) Amlak Finance reported an 87 percent drop in second-quarter net profit as the Islamic mortgage lender’s income from financing, investments and deposits all declined and amortization costs soared.
Amlak, which signed a USD2.7 billion debt and financing restructuring deal with creditors last November, made a net profit attributable to shareholders of USD1.95 million in the three months to June 30.
Quarterly income from Islamic financing and investing assets fell 30.1 percent year-on-year to USD17.56 million and deposit income roughly halved to USD302.15 thousand over the same time frame.
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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