Abu Dhabi – Mubasher: The net losses of Invest Bank decreased by 24% to AED 136.12 million in the first half (H1) of 2020 from AED 179.65 million in the corresponding half of 2019.
The bank's net interest income declined to AED 62.54 million in H1-20 from AED 115.39 million in H1-19, according to the bank's consolidated interim financial results for the period ended on 30 June 2020.
The lender's total assets reached AED 11.17 billion as of 30 June 2020, down 5% from AED 11.71 billion as of 31 December 2019.
The loss per share settled at AED 0.04 in the January-June period of 2020, compared to AED 0.06 in the same period of 2019.
It is noteworthy to mention that in the first quarter (Q1) of 2020, the bank reported AED 99.49 million worth of losses, down from AED 105.91 million in the corresponding period a year earlier.
