Mashreq Bank reported earnings results for the year ended December 2017. The company reported AED 2.05 billion in net profit for 2017, up 6.5% from the AED 1.93 billion recorded in 2016. Total operating income for the year fell 2.5% to AED 6 billion due to lower non-interest income, which dropped 6.3% driven by lower fees and commissions. Fee and commission income fell 7.5% year-on-year to AED 1.6 billion. Investment income was up by 84.9% year on year. Net interest income and income from Islamic Financing remained stable at AED 3.6 billion compared to fiscal year 2016.