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Islamic Finance Briefing - Categorized | Banking, Performance more

DIB profit plunges in first quarter

Posted on 06 May 2010

From Gulfnews.com: Dubai Islamic Bank (DIB) said yesterday it posted a net profit of Dh200 million in the first quarter of this year, compared to Dh370.3 million in the same period of 2009.
Performance was impacted by the bank’s “ongoing policy of prudent provisioning”, as well as lower contribution levels from group companies during the period, DIB said in a statement……………………………………..Full Article: Source

 
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