April 30, 2014 / 2:06 PM / 3 years ago

Dubai lender Mashreq Q1 net profit rises 35 pct

DUBAI, April 30 (Reuters) - Dubai’s Mashreq, the emirate’s third-biggest lender by assets, posted a 35 percent rise in first-quarter net profit on Wednesday as net interest income, fees and commissions rose.

The lender made a net profit of 575 million dirhams ($156.6 million) in the opening three months of 2014, it said in a statement, up from 425 million dirhams in the corresponding period of last year.

Arqaam Capital expected the bank to make a profit in the quarter of 549 million dirhams. ($1 = 3.6730 UAE Dirhams) (Reporting by Praveen Menon; editing by Matt Smith)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below