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Islamic Finance Briefing - Categorized | Banking, New Launches more

UAB to start Islamic banking services this year

Posted on 11 February 2010

From Muslims.net: When majority of the banks are struggling to retain their last year’s profit levels and some even finding it difficult to stay in the black, there have been a few banks that have been successful in improving their performance year after year.
United Arab Bank (UAB ) did it for the last year (2009) as well when the bank announced a 12 per cent growth in its net profit. UAB ’s Chief Executive Officer paul Trowpidge told Emirates Business that the bank has put in enormous effort in reining in the cost and thus to ping down the cost to income ratio………………………………….Full Article: Source

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