Dubai Islamic Bank achieved strong financial results during the first quarter of 2019, as net profit increased by 12% and reached 1.355 billion dirhams, compared to 1.211 billion dirhams in the quarter. The first of 2018.
According to the bank’s statement in the Dubai market, total income increased to 3.4 billion dirhams, an increase of 26% compared to 2.7 billion dirhams, and net operating income increased to To 2.3 billion dirhams, an increase of 17% compared to 1.97 billion dirhams.
The total assets amounted to 226.5 billion dirhams, an increase of 1.3% compared to 223.7 billion dirhams at the end of 2018.
Customer deposits increased by 2.3% to reach to 159.2 billion dirhams, compared to 155.6 billion dirhams at the end of 2018.
The capital adequacy ratio was 17.5% compared to the minimum requirement of 13.5%.
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