Ajman Bank posts loss in its Q2.Byline: Ajman Ajman Bank, the emirate's first Islamic commercial bank, reported an accumulated loss of Dh22.1 million ($6.02 million) for its second operational quarter. The results showed the value of the bank's total assets at Dh1.5 billion and the bank's deposits grew to more than Dh470 million. The accumulated loss of Dh22.1 million is within management expectations and with investment being made in the branch network and introduction of innovative products and services, Ajman Bank is well-positioned to pursue its expansion strategy over the coming months, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a bank statement. Since its official inauguration INAUGURATION. This word was applied by the Romans to the ceremony of dedicating some temple, or raising some man to the priesthood, after the augurs had been consulted. It was afterwards applied to the installation (q.v. on February 2 this year, Ajman Bank has dedicated resources to the development of its branch network; last month the Sharjah branch was officially opened, taking the total number of branches to three. Within other Emirates, work is underway establishing branches in Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. and Dubai, both scheduled to open
during the third quarter, giving the bank a presence in all major
Emirates in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. by the end of the year.
'Due to our adherence to a comprehensive strategic plan, developed with the aim of strengthening the economy whilst simultaneously growing our network of branches to extend our reach across the whole of the UAE, we have been able to increase our customer base across all our key segments,' stated Ali E Alshaqoosh Al Mueen, acting CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ajman Bank. 'As a financial institution in its infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. , it is to be expected that we operate at a loss, nevertheless our financial results are positive as they exceeded expectation both in our first and second quarters of operation.'- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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