Ajman Bank Records AED 61.9 Million in Profits During First Half of 2021

United Arab Emirates (UAE)-based Ajman Bank has reported AED 61.9 million in consolidated net profit for the first half of the year 2021, reflecting a 44% year-on-year increase. This followed on from a 19% year-on-year increase in Ajman Bank’s net operating income which came in at AED 331.9 million for the first half of 2021.

Why it Matters?

Mohamed Amiri, Chief Executive Officer of Ajman Bank, noted solid performance in the second quarter of 2021, with net revenues showing improvement following its decline during the pandemic. This upturn was driven by a recovery in the UAE economy resulting in rising consumer and corporate confidence seen across Ajman Bank’s businesses. Amiri maintains a favourable outlook in the coming quarters.