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Islamic Finance Briefing - Categorized | Banking, Performance more

Noor Islamic Bank looks to break even

Posted on 07 January 2011

From Gulfnews.com: Noor Islamic Bank, a part of the Dubai Holding, yesterday said it expects to break even in 2012. The banking group has also put on hold all its physical overseas expansion plans temporarily.

“We expect to break even in 2012. That has been our original target and I think we can meet it,” Hussain Al Qamzi, Group Chief Executive Officer of Noor Investment Group and Noor Islamic Bank, said…………………………………….Full Article: Source

 
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