08.04.2013 - Dubai Islamic Bank repays Dhs3.7bln to UAE finance ministry
The bank received the deposit in 2008 to boost its financial strength during the financial crisis. Dubai Islamic Bank (DIB) announced that it has repaid Dhs3.75 billion to the UAE finance ministry in full and ahead of contractual maturity, thanks to ‘a robust financial position and strong liquidity’. The bank received the deposit from the ministry in 2008 to boost liquidity after the financial crisis hit lenders in the country. DIB has received the necessary regulatory and government approvals to repay the amount, it said in a statement...............................................Full Article: Source
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