Abu Dhabi – Mubasher: Invest Bank has suffered losses of AED 1.47 billion for the full-year 2018, against a loss of AED 277.74 million in 2017.

Loss per share (LPS) stood at AED 0.927 last year, compared to AED 0.175 in 2017, the  Sharjah-based lender said in a statement.

Total operating income dwindled to AED 508.53 million in the 12-month period ended 31 December 2018 from AED 795.015 million in the corresponding period of 2017.

Net interest income retreated to AED 394.27 million last year from AED 534.29 million a year earlier, the bank highlighted.

Total assets amounted to AED 14.026 billion at the end of 2018, versus AED 16.95 billion in 2017, according to the statement.