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Emirates Bank, Q2 profit down

  • United Arab Emirates: Monday, July 24 - 2006 at 09:26

Emirates Bank Group's profit for Q2 2006 declined 38% to $100.2m compared to $164.2m in Q1 2006, and 17% on Q2 2005. The bank reported H1 2006 profit was up 35% to $264.4m compared to H1 2005. Several UAE banks are reporting lower second quarter earnings on a drop off in IPO-related fees and share portfolio losses.

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