Dubai Islamic Bank reverses falling net profit growth rate in FY 2017
Dubai Islamic Bank (DIB) registered a net profit rise for 2017 of 11.21 percent year-on-year, reversing two consecutive years of falling growth rates since reaching a high of 63.19 percent in 2014, according to Salaam Gateway calculations.
The United Arab Emirates' largest Shariah-compliant bank by assets today reported a net profit of 4.5 billion Emirati dirhams ($1.23 billion) for the year ending Dec 31, 2017 from 4.05 billion dirhams in the previous year.
($1 = 3.67 Emirati dirhams)
(Reporting by Emmy Abdul Alim [email protected]; Editing by Mily Chakrabarty)
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