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Abu Dhabi Islamic Bank profit up 53%

  • United Arab Emirates: Wednesday, July 16 - 2008 at 09:18

Abu Dhabi Islamic Bank, the UAE's second-largest lender complying with Muslim banking rules, said second-quarter profit surged as demand for Islamic loans rose, reported Bloomberg. Net income advanced 53% to 276 million dirhams ($75m), compared with 180.1 million dirhams a year earlier.

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