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.
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