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Wed 3 Aug 2016 02:54 PM

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Bahraini bank AUB posts 11.7% jump in Q2 net profit

Country's largest lender Ahli United Bank says it made net profit of $146m in three months to June 30

Bahraini bank AUB posts 11.7% jump in Q2 net profit
AUB headquarters, Bahrain

Ahli United Bank (AUB), Bahrain's largest lender, posted a 11.7 percent increase in its second-quarter net attributable profit on Wednesday.

The bank's net attributable profit for the three months to June 30 was $146.6 million, compared with $131.2 million in the corresponding period of 2015, it said in a statement.

SICO Bahrain and Arqaam Capital had forecast the bank would make a profit in the period of $145.1 million and $129 million respectively.

One of the drivers of profit growth was a rise in net interest income to $206.2 million, from $200.9 million in the same period on 2015. Fees and commissions also rose to $59.8 million, compared to $45.7 million in the year earlier period.

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