Net operating income for the first nine months of the was marginally higher, by 0.2%, to AED 188.70 million when compared to AED 188.34 million in the corresponding period of the previous year.
At the consolidated level, credit portfolio to stable resources ratio stood at 77.2% during the first nine months of 2019, reflecting the firm’s balanced approach to growth in assets and liabilities, according to a bourse filing on Thursday.
Capital adequacy ratio at the consolidated level reached 20.7% over the period ended 30 September, providing a solid footing for sustained future growth in assets.
In the six-month period ended 30 June, the company’s net profits rose by 7.4% to AED 21.87 million, compared to AED 20.36 million in the prior-year period.
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