The financial statements of Emirates Islamic Bank showed an increase in the bank's profits in the first quarter of this year by 62% year on year.
According to the bank's results to the stock exchange, today, Thursday, profits for the first quarter of this year amounted to 342 million dirhams, and earnings per share amounted to 6 fils.
The improvement in the bank's net profits came from the growth of its operating income during the comparison period by 14% to 652 million dirhams, in addition to a decrease in its provisions by 72%.
The bank's assets rose until the end of the first quarter of this year to 70 billion dirhams, or 8% on an annual basis, while its credit facilities increased by 6% to 45 billion AED.
