Emirates Islamic's full-year net profit exceeds AED1bn mark for first time - Arabianbusiness:
UAE-based Emirates Islamic has reported net profit of AED1.06 billion ($272 million) for the full-year, surpassing the one billion dirham mark for the first time.
Net profit for the year increased by 15 percent while total income for 2019 increased by 8 percent to AED2.7 billion.
Total assets at AED64.8 billion increased by 11 percent from end-2018 while customer deposits at AED45.3 billion increased by 9 percent in the same period.
Current and saving accounts balances represent 63 percent of total customer deposits, the bank said in a statement.
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