Mashreq reports a strong 2012, net profit up by 60%

Mashreq has reported a net profit of AED1.3 billion for the last year, constituting a 60 per cent increase on the previous year. The annual increase is on the back of fee income and investment income. The board has proposed a cash dividend of 38% subject to Central Bank and shareholder approval. According to the Chief Executive Officer of Mashreq, H.E. Abdul-Aziz Al Ghurair, the sucess of Mashreq in 2012 is based on commitment to customer centricity and staying at the leading edge of banking innovation. The bank also received several awards last year.

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