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Commercial Bank of Dubai to see increase in profit
- United Arab Emirates: Tuesday, November 09 - 2010 at 10:24
Peter Baltussen, chief executive of the Commercial Bank of Dubai has said the lender is expected to post an increase in full-year net profit, as it grows its Islamic finance business, Reuters has reported. The bank wants to increase its Islamic finance operations from the current 10% of the bank's deposits to 30% after five years, he said. Non-performing loans for UAE banks were likely to peak in 2011, he added.
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StaffTuesday, November 09 - 2010 at 10:24 UAE local time (GMT+4)
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