From Ameinfo.com: Peter Baltussen, chief executive of the Commercial Bank of Dubai has said the lender is expected to post an increase in full-year net profit, as it grows its Islamic finance business.
The bank wants to increase its Islamic finance operations from the current 10% of the bank’s deposits to 30% after five years, he said. Non-performing loans for UAE banks were likely to peak in 2011, he added……………………………………….Full Article: Source