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Islamic Finance Briefing - Categorized | Banking, Performance more

Dubai Islamic Bank declares 20pct cash dividend

Posted on 15 February 2010

From Gulfnews.com: Dubai Islamic Bank (DIB) saw a 31 per cent drop in full-year net profits on doubled provisions for bad loans.During the fourth quarter, the bank made a net profit of Dh80 million, adding to year-end profits of Dh1.2 million.

Revenues saw slight change, reported at Dh5.1 billion in 2009 from Dh5.2 billion in 2008. At year-end, customer deposits stood at Dh64.2 billion compared to Dh62.6 billion at the end of 2008. Provisions rose from Dh520 in 2008 to Dh818 in 2009, while its total assets were Dh84.3 billion…………………………………Full Article: Source

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