The UAE Central Bank said it expects its net profits to surge from Dh3.18 billion in 2009 to nearly Dh3.67 billion in 2010 and Dh3.7 billion in 2011.
This two years of consecutive growth in net profit is being forecast after the bank recorded a 14 per cent contraction in 2009 profits, the bank said in a statement posted on its website.
On Thursday, the Central Bank board of directors discussed the bank’s annual balance sheets and other monetary issues for this year and 2011.
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