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EIB achieves Dh144m net profit in Q3
DUBAI — Emirates Islamic Bank has announced the results of the third quarter of 2007, achieving a net profit of Dh144.4 million, compared to 77 million for the same period of 2006, with an increase of 88 per cent.
The total income in Q3 2007 grew from Dh360 million in the third quarter of 2006 to Dh654 million reflecting a growth of 82 per cent.
At the end of September 2007, total assets increased by 34 per cent, standing at Dh14 billion compared to Dh10.5 billion at the third quarter of last year. Customers' accounts grew 31 per cent to Dh12 billion, with an increase of Dh3 billion compared to September of last year.
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