(MENAFN- Khaleej Times) ABC Islamic Bank on Tuesday announced a net profit of $3.2 million for the first quarter of 2013 compared to $1.6 million in the same period last year.
Total operating income was at $4.1 million, compared to $3.4 million. Operating expenses decreased to $0.8 million from $1.3 million.
Shareholders' equity at March 31, 2013 stood at $239.2 million, compared to $236 million at the end of 2012. The bank's capital base remains strong with a capital adequacy ratio of 27.1 per cent, predominantly Tier 1, which totalled 26.8 per cent.
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