Sunday 01, November 2009 by
Mashreq’s net income declines 26 per cent for first nine months of 2009
Mashreq reported a 20 per cent year on year increase in operating income for the first nine months of 2009 to AED 3.9 billion ($1 billion). Net income for the nine months to 30 September 2009 is recorded as AED 1.12 billion ($304.9 million) in response to higher provisions on loans and other financial assets.
