ALUBAF Arab International Bank posted a net profit of $5 million for the nine-month period ended September 30 this year. 
The growth in net profit was mainly contributed from fees and commissions income generated from trade finance activity, which increased by 305 per cent over the same period last year. 

Significant contribution was also made on net interest income, which rose by 40pc over last year's interest income in the same period. 
The annualised return on equity for the nine months to September 30 this year was 6.6pc, which reflects a good rate of return. 

"The bank's performance growth in the second year of reactivation of its activities clearly indicates of achieving robust growth in its business by end of the current year," ALUBAF Arab International Bank general manager Ahmed Rajab said.