{"id":512,"date":"2017-10-16T12:10:19","date_gmt":"2017-10-16T12:10:19","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=512"},"modified":"2017-10-16T12:10:19","modified_gmt":"2017-10-16T12:10:19","slug":"mashreq-posts-a-12-0-y-o-y-growth-in-net-profit-for-the-first-nine-months-of-2017","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/mashreq-posts-a-12-0-y-o-y-growth-in-net-profit-for-the-first-nine-months-of-2017\/","title":{"rendered":"Mashreq Posts A 12.0% Y-O-Y Growth In Net Profit For The First Nine Months Of 2017"},"content":{"rendered":"<p>Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first nine months ending 30th September 2017.<\/p>\n<p>Key highlights [9M 2017 vs 9M 2016]:<\/p>\n<p>Healthy growth in Net Profit<\/p>\n<p>Net profit for 9M 2017 stood at AED 1.7 billion &#8211; a 12.0% increase YoY<br \/>\nImpairment Allowance down by 30.0% YoY; Operating expenses lower by almost 2% on the back of effective cost management<\/p>\n<p>Consistently high proportion of non-interest income<\/p>\n<p>Mashreq\u2019s best-in-class non-interest income to operating income ratio remained high at 39.8%<br \/>\nInvestment income up by 73.8% YoY<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-513 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/AbdulAziz-Al-Ghurair-11.jpg\" alt=\"\" width=\"2120\" height=\"2466\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/AbdulAziz-Al-Ghurair-11.jpg 2120w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/AbdulAziz-Al-Ghurair-11-258x300.jpg 258w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/AbdulAziz-Al-Ghurair-11-768x893.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2017\/10\/AbdulAziz-Al-Ghurair-11-880x1024.jpg 880w\" sizes=\"auto, (max-width: 2120px) 100vw, 2120px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first nine months ending 30th September 2017. Key highlights [9M 2017 vs 9M 2016]: Healthy growth in Net Profit Net profit for 9M 2017 stood at AED 1.7 billion &#8211; a 12.0% increase YoY Impairment Allowance down [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=512"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/512\/revisions"}],"predecessor-version":[{"id":514,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/512\/revisions\/514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/513"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}