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28 February 2022
Alubaf Arab International Bank (the “Bank”) and its subsidiary (together the “Group”), recorded a consolidated net profit of US$ 22.7 million for the year ended 31 December 2021
Following are the summary results for the fourth quarter ended 31 December 2021 (Q4) and full year ended 31 December 2021:
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24 February 2021
Alubaf Arab International Bank, recorded a consolidated Net Profit of US$ 22.1 million for the year ended 31 December 2020
Alubaf Arab International Bank’s Net Profit was US$ 4,087 thousand for the fourth quarter 2020, as compared to US$ 17,935 thousand for the same period, last year 2019, which is a decrease of 77.2 %, mainly attributed to reversal or write back of provisions for credit losses, on recovery of past dues, which was recorded in previous year ended 2019.
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26 February 2020
Alubaf’s net earnings jump to $28.7 million
Alubaf Arab International Bank Net Profit was US$ 17,935 thousand for the fourth quarter 2019, as compared to US$ 2,997 thousand for the same period, last year 2018, signifying an increase of 498 %, mainly attributed to reversal or write back of provisions for credit losses, on recovery of past dues.
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27 February 2019
Alubaf records a Net profit of US$ 15 million for the year ended 2018
Alubaf Arab International Bank recorded a net profit of US$ 15 million for the year ended 31 December 2018, as against a net profit of US$ 10.8 million last year 2017, signifying an increase of 39%, year on year.
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26 February 2018
Alubaf records a Net profit of US$ 10.8 million for the year ended 2017
Alubaf Arab International Bank recorded a net profit of US$ 10.8 million for the year ended 31 December 2017, as against a net loss of US$ 14.7 million last year 2016, which is an...
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