Invest Bank posts profit of Dh174m

Abu Dhabi: Invest Bank said Sunday it had posted a net profit of Dh174.2 million in the second quarter. The Sharjah-based bank didn't provide comparative figures for the same quarter a year earlier.

Invest Bank said in the quarter ended June, it had an operating income of Dh242.5 million.

In a statement, the bank said: "Revenues generated from interest hit Dh166.7 million, while the non-interest income reached Dh75.7 million," said Invest Bank, adding it's total assets at the end of the quarter were worth Dh9.8 billion, while its total liabilities stood at Dh7.9 billion.The shareholders equity reached Dh1.9 billion."

Invest Bank's shares Sunday remained unchanged at Dh1.80.