DUBAI — Dubai Bank announced yesterday that its net profit for the nine-month period ending in September 2007 reached Dh125 million, a 540 per cent increase, compared to the net profit recorded for the same period in 2006 (Dh19.5 million).
Total operating income was up 69 per cent to Dh284 million for the first nine months of 2007, compared to Dh168 million for the same period in 2006, while operating expenses advanced by only 12 per cent during the same period to reach Dh146.8 million.
Assets increased by a 198 per cent to reach Dh9.8 billion as of September 30, 2007, compared to Dh3.3 billion at the end of September, 2006.