| From Cpifinancial.net: Noor Islamic Bank has posted a net profit of AED 511 million ($139.1 million) for the period ended 31 December 2008. The bank achieved this net profit in its first full period of operations and is on solid footing for continued growth.
The bank also reported total assets of AED 21.8 billion ($5.9 billion) and total deposits of AED 12.4 billion ($3.3 billion). The bank said it expects “prudent growth” in assets during the current year with greater emphasis on enhancing margins while ensuring strong focus on risk management fundamentals......Full Article: Source
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