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FINANCIAL NEWS
Dubai’s Mashreq registers USD176.6m net profit in Q2
24 Jul 2015
(MENAFN) Mashreq, the Dubai-based major lender by assets, recorded a net profit of around USD176.6 million for the second quarter of the year, Arabian Business reported.
Last year, Mashreq recorded USD159.2 million for the same period. The company declined to provide any financial information regarding its quarterly performance. The figures offered here are based over Reuters’ calculations.
For the six-month period, Mashreq cited a 12.7 percent increase in net interest income and a 3.6 percent climb in fee and commission income for the profit rise.
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