Emirates Investment Bank assets soar on foreign capital inflows | The National

Emirates Investment Bank assets soar on foreign capital inflows | The National:



"Emirates Investment Bank yesterday said total assets under management jumped 71 per cent last year as the UAE’s safe-haven status continued to attract funds from politically troubled countries in the Middle East and other emerging markets.



Total assets under management increased to Dh4.26 billion last year from Dh2.49bn in 2012, the boutique investment and private bank said. Net profit last year increased 38 per cent to Dh36.2 million compared with Dh26.3m in 2012, while customer deposits more than doubled to Dh1.67bn from Dh800m.



In the fourth quarter alone, net profit gained 69 per cent to Dh5.6m, EIB said."



'via Blog this'