Islamic Finance 

BRIEF-Dubai’s Mashreqbank Q1 Profit Rises

| 23 April, 2019

APRIL 23, 2019 | 12:43

Mashreqbank:

* Q1 net profit attributable to shareholders 628.2 million dirhams versus 598.2 million dirhams year ago

* Q1 net interest income and net income from Islamic products 936.1 million dirhams versus 909.1 million dirhams year ago

* Customer deposits fell by 3.1 percent in q1 to reach 80.6 billion dirhams year-to-date

* As of end-March, loans and advances stand at 69.86 billion dirhams

* As of end-March, capital adequacy ratio stands at 16.5 percent

Source text for Eikon: Source: (https://bit.ly/2Pxs2T7) Further company coverage:

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