Thursday 27, March 2014 by Matthew Amlôt

Al Hilal Bank's recorded AED 441.4 million net profit reflects 42 per cent growth in 2013

Al Hilal Bank has announced that its net profit for 2013 reached AED 441.4 million, reflecting a 42 per cent increase as compared to the AED 310.3 million posted in 2012. The record high net profit demonstrates an increase in return on equity to 12.0 per cent from 10.1 per cent in the previous year. The significant net profit upsurge for the full year of 2013 is largely attributed to growth in assets along with improvement in asset quality and liability mix.

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