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AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column.
Knight Ridder/Tribune Business News, January, 2004
AME Info, Abu Dhabi, United Arab Emirates Knight Ridder/Tribune Business News
Jan. 25--ANB PROFITS UP 31PC: Riyadh-based Arab National Bank has increased its 2003 profit to USD205 million, up 31 percent on 2002. Return on equity rose from 16.5 per cent to 19.3 per cent. Customer deposits increased by 20 per cent to USD9 billion while total assets reached USD13.1 billion, an increase of 11 per cent.
MASHREQBANK, USD164 MILLION PROFIT: Mashreqbank has posted a 19 per cent hike in profits to USD164 million for 2003. Total assets at the UAE's largest private bank were up 11 per cent to USD7.1 billion. Both advances and deposits were USD550 million higher than in the previous year. A 25 per cent cash and 10 per cent stock dividend was announced....
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