Browse
related articles
Dubai Islamic Bank posts 34% jump in Q4 profit
- United Arab Emirates: Tuesday, February 05 - 2013 at 05:59
Dubai Islamic Bank (DIB) has reported a 33.9% increase in its fourth-quarter net profit to Dhs336m ($91.5m) in the three months to December 31, compared with Dhs251m in the corresponding period last year, Reuters has reported. Full-year net income rose 13% to Dhs1.19bn, compared with 2011. Provisioning for bad loans in 2012, at Dhs1.04bn, was marginally down from 2011's Dhs1.09bn. However, its ratio of non-performing loans dipped to 9.8% at the end of the year against 12.1% on December 31, 2011, the bank said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
