Mashreq reports a strong 2012, net profit up by 60%

Mashreq, one of the UAE’s leading financial institutions, has reported a net profit of AED1.3 billion for the year ended 31st December 2012, constituting a 60 per cent increase on the previous year.

The bank's Total Operating Income for 2012 was AED4.1 billion, representing a 5.5 per cent increase relative to 2011, while Q4 2012 Operating Income increased by 10.1 per cent on a QoQ basis to reach AED 1.1 billion; As compared to Q4 2011, Operating income grew by 29.4 per cent. The annual increase is on the back of fee income and investment income.
http://www.gulfbase.com/news/mashreq-reports-a-strong-2012-net-profit-up-by-60-/228356