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Islamic Finance Briefing - Categorized | Banking, Performance more

UAE banks lead surge in share value revival

Posted on 15 April 2013

Dubai Islamic Bank has kicked off earnings season for commercial lenders with a sharp increase in net profits for the quarter, as investors bet on bumper profits for banks.
Bank shares have surged as banks repay government life support extended to cover the financial damage from the Dubai property crash of 2009. Money set aside by banks to cover bad loans is widely expected to have peaked………………………………………..Full Article: Source

 
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