Dubai – Mubasher: Mashreq Bank posted a 25.5% year-on-year increase in its profits during the third quarter of 2016, according to a bourse statement.
Net profits reached AED 419.6 million ($114.205 million) in Q3-16, compared to AED 563 million ($153.24 million) in Q3-15.
In the first nine months of 2016, net profits fell 9.4% to AED 1.5 billion from AED 1.9 billion in the corresponding period of 2015.
