Mashreq quarterly profit rises 35 per cent amid credit bonanza | The National:
"The Dubai-based bank Mashreq said its first quarter profit rose 35 per cent, boosted by a jump in interest from loans amid a credit bonanza that has been spurred by cheap financing.
Net income climbed to Dh575 million compared to Dh425m for the same period in 2013, the bank said.
Net interest income at the end of March 2014 was up 41 per cent compared to a year earlier. That was driven by an increase in loans and an improvement in net interest margin, it said."
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