Invest bank posts Dh95 million new profit

Dubai: Sharjah-based Investbank posted a new profit of Dh95 million by the end of the first quarter of 2014, an increase of 6.5 per cent compared same period in 2013.

The bank posted an operational income of Dh155 million, while the net operation profit reached Dh116.5 million, an increase of 16 per cent compared to Q1, 2013.

Total assets reached Dh12.8 billion, along with total liabilities that reached Dh102 billion.