Oct 30 2011 |
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Dubai Islamic Bank 3Q Net Profit +10.5% At AED298M Vs Yr Ago
Sunday, Oct 30, 2011
(This story was originally published Saturday.)
BEIRUT (Zawya Dow Jones)-- Dubai Islamic Bank , or DIB , the U.A.E.'s largest shariah-compliant lender, Saturday said third-quarter net profit rose 10.5% to 298 million U.A.E. dirhams ($81.13 million) from AED270 million a year earlier on sustained core revenue growth.
Net profit for the first nine months grew 10.3% to AED850 million compared with the year earlier period, according to an emailed statement.
Total assets stood at AED93.5 billion at the end of September, up 3.7% from AED90.1 billion at the end of 2010, DIB said in the statement. Customer deposits grew 8.2% to AED68.6 billion at the end of September from AED63.4 billion a nine months earlier "as the bank's customer base continued to expand," it added.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
30-10-11 0354GMT
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