Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, said on Tuesday its second-quarter net profit surged 27 percent as provisions dropped.
The bank said it earned profit of 310 million dirhams ($84.4 million) in the three months to June 30, up from the 245 million dirhams for the corresponding period last year.
Two analysts polled by Reuters forecast net profit of 246 million dirhams and 267 million dirhams.
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