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Mashreq Q2 net profit jumps 45pc

Dubai, July 23, 2014

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit.
 
The lender made a net profit of Dh585 million ($159.3 million) for the three months to June 30, it said in a statement, an increase on the Dh402.6 million recorded for the corresponding period of last year.
 
Arqaam Capital had expected the bank to make a profit in the quarter of Dh532 million. - Reuters



Tags: Mashreq | profit | jump | lender | Arqaam Capital |

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