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Dubai Bank $30m profit
- United Arab Emirates: Tuesday, February 07 - 2006 at 06:25
Dubai Bank has posted a profit of $30m for 2005, on operating income of $73.5m. The value of assets held by the bank at the end of the year reached $2.29bn; double that as at the end of 2004. Deposits increased by 94.5% to $1bn and loans and advances by 37% to $436m. Shareholder equity grew by 29%. The bank plans to start up brokerage operations on the UAE bourses and Dubai International Financial Exchange in 2006.
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James McInerney, News EditorTuesday, February 07 - 2006 at 06:25 UAE local time (GMT+4)
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