Ajman Bank achieved 16.3% growth in net operating income, equivalent to 636.0 million dirhams in 2019, compared to 546.9 million dirhams in 2018.
According to the Emirates News Agency, total Islamic financing and investment in assets increased significantly this year to 17.1 billion (an increase of 4.9%) compared to 16.3 billion dirhams in 2018.
The total Islamic customer deposits witnessed a growth of 4.0% to reach 20.6 billion dirhams, compared to 19.8 billion dirhams in 2018.
We have achieved balanced growth in all of our products despite the weak operating environment, ending the year with an increase of 16.3% in net operating profit, a rise of 4.9% in total financing and investment assets and 4.0% growth in customer deposits.
He added that significant investments have been made in our products and services to benefit from our operations and we started in 2020 in a strong competitive position and in the future, we will continue to achieve maximum benefit and investment in areas where we see opportunities for growth.
