Dubai Islamic Bank, DIB, the oldest Islamic bank in the region, on Sunday reported an 11 per cent surge in net profit to Dh245 million for the first quarter of 2012 from Dh222 million in the same 2011 period.
The bank said the result demonstrated its “sustained growth across core operations.” DIB’s total revenue during the first quarter was Dh1.23 billion compared to Dh1.28 billion in the first quarter of 2011 while the bank’s assets stood at Dh92.5 billion as customer deposits reached Dh68.1 billion, an increase of five per cent compared with Dh 64.7 billion as of December 31, 2011………………………………………..Full Article: Source