Dubai lender Mashreq's Q4 net profit jumps 48%
Mashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit, Reuters calculations showed. The bank earned AED504.6m in the quarter, compared with AED342m in the year-ago quarter. Brokerage Arqaam Capital expected it to post a profit of AED525m for the quarter. The bank…
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