The Emirates Industrial Bank (EIB) offered loans and financial facilities worth Dh448m in 2008, according to the bank's annual report.
In 2007, the report said, the bank funded 49 projects worth Dh540m.
"Loans and other facilities grew by 7.6 per cent in 2008 to Dh448m from Dh416m in 2007," revealed the report which was discussed at the ordinary general assembly of the bank today. Figures showed that the bank has financed 613 out of 837 projects in the tune of Dh4.6 billion since its inception up to the end of 2008.
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