Mashreq bank reported net profit of AED556 million for 4Q2015, which was up 0.9% Q-o-Q and down 13.7% Y-o-Y. For the full year the bank’s net profit was flat at AED2,402 million. Mashreq’s NPL ratio decreased to 2.8% in 4Q2015 from 3.7% in 4Q2014, meanwhile its coverage improved to 145% from 120% in 4Q2015. (Company disclosure)
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