AAIB: Q3 Standalone Profits Hit $114.3 mln

The standalone net profits of the Arab African International Bank (AAIB) reached around $114.36 million within the first nine months of 2013, against $110.94 million at the same period, move up by 3.08% ($3.42 million).

The financial statements of AAIB revealed that the bank’s treasury bills investments inched by $2.43 billion at the end of last September, compared to $2.05 billion in December-end 2012, move up by 18.8% ($383.83 million).

The loan portfolios and credit facilities attained 0.4% ($10.37 million), registering $2.42 billion at September-end, against $3.41 billion in December-end 2012.

The bank’s asserts value reached about $8.43 billion, against $8.19 billion at the end of the last year, move up by 2.9% ($236.5 million).

The total deposit portfolio of the customers upped to $6.39 billion at the end of the third quarter of this year, compared to $5.97 billion December-end 2013, recording 7.12% ($425.58 million) increase.