Ammar Al-Nuaimi chaired the board of directors meeting
61.9 million dirhams, Ajman Bank's half-profit
Ammar Al-Nuaimi, while chairing the meeting of the bank's board of directors.
wam
His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Directors of Ajman Bank, chaired the meeting of the Board of Directors of the bank.
After approving the minutes of the previous meeting, the Board discussed a number of financial and administrative matters, reviewed the normal business and issued its decisions regarding them.
The meeting, which was held at the Ruler's Court of Ajman, was attended by members of the Board of Directors and the CEO of Ajman Bank, Mohammed Amiri.
His Highness was briefed on the results of the bank, which showed that it achieved profits of 61.9 million dirhams in the first half of 2021, an increase of 44% over the same period last year, during which the net profit amounted to 43 million dirhams.
This positive path was reflected in the increase in net operating income, which amounted to 331.9 million dirhams for the first half of this year, an increase of 19% compared to the first half of last year, during which the net operating income amounted to 279.9 million dirhams.
Mohammed Amiri said: “Ajman Bank witnessed a strong performance during the second quarter of 2021, as revenues increased and we witnessed progress in the confidence of our individual and corporate customers in all our business axes, which was manifested in our high performance levels, which indicates the recovery of the economy and heralds the return of economic momentum. ».
He added, "Our strong results for the second quarter of 2021 constitute an important turning point in the course of Ajman Bank's work after a challenging year since the outbreak of the Corona pandemic, which our employees and members of our board of directors faced by making every effort to preserve the value of the bank's privilege and to help our customers overcome it."
He continued, "We look at Ajman Bank with great optimism about the positive indicators shown by the bank and the UAE economy in general, and we expect this improvement to continue with a positive rise with sustainable revenue growth, lower provisions and better cost control."
The total assets of the bank amounted to 21.3 billion dirhams until June 30, 2021, compared to 21.5 billion dirhams at the end of December 2020, and the bank’s capital is 2.1 billion dirhams, and total shareholders’ equity is 2.58 billion dirhams.
The bank plays a pivotal role in promoting the development process in the Emirate of Ajman, and activating all available capabilities to deliver the added value to its customers of all categories, and their locations in the UAE.
Follow our latest local and sports news and the latest political and economic developments via Google news