Ahli United Bank B.S.C. (AUB) has announced another record net profit of US$ 94.3 million for the first quarter ended 31 March 2008 representing an increase of 37% over the same period in 2007 (US$ 68.9 million).
AUB’s prudent risk management approach enabled it to avoid the prevailing global market turmoil and to sustain quarter on quarter profit growth momentum with its total operating income increasing by 52.6% to US$ 209.7 million as compared to same period last year (Q1/2007 – US$ 137.4 million) primarily attributable to core earnings arising from the Group’s operations in its seven core markets (Bahrain, Kuwait, Qatar, Oman, Egypt, Iraq and UK) and from its ability to tap cross-border deal flows between these markets.
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