Emirates Investment Bank logs AED 21m losses in H1-20

Emirates Investment Bank logs AED 21m losses in H1-20

Dubai – Mubasher: The consolidated interim financial results of Emirates Investment Bank showed AED 20.87 million net losses attributable to equity holders of the parent in the first half (H1) of 2020, against net profits of AED 21.22 million in the year-ago period.

The bank's net interest and investment income decreased to AED 12.25 million in H1-20 from AED 51.23 million in the corresponding period of the earlier year.

The lender's total assets declined to AED 2.33 billion as of 30 June 2020, compared to AED 3.12 billion as of 31 December 2019.

The basic and diluted loss per share amounted to AED 29.81, versus earnings per share (EPS) of AED 30.32 in the same period last year.

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