Mubasher: Ashur International Bank for Investment on Sunday reported a 21.87% decrease in net profits to IQD 3.41 billion ($2.83 million) in the second quarter of 2016 from IQD 4.36 billion ($3.62 million) in Q2-15.
The bank’s net profits retreated 45.71% to IQD 5.46 billion in the first six months of 2016 from IQD 10.06 billion in the year-ago period, according to a bourse filing.
Operating revenues also declined 33% to IQD 10.8 billion in H1-16 down from IQD 16.13 billion in the same period of the previous year.
