Mashreqbank Sustains Profit Growth
One of the more dynamic banks in the United Arab Emirates, Dubai-based Mashreqbank, has announced an increase of 8% in profits to Dh324.3mn ($88.3mn) for 1995 and a dividend held steady at Dh163mn. The 1995 result continues a trend in steady profit growth that stretches back to at least 1989 and is due mainly to improved interest earnings. Profits would have been even higher - because cost control too was greatly...
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