Dubai Islamic Bank annual net profit marginally down
Friday, February 27th, 2009Dubai Islamic Bank’s (DIB) total assets as of December 31, 2008, stood at AED84.6 billion, up slightly compared to AED83.7 billion at the end of the same period in 2007.
Customer deposits increased 2% to reach AED66.4 billion in 2008, compared to AED65 billion in 2007.
DIB’s full-year results reflect total impairment provisions of AED521 million, including writedowns on its investment portfolio, and mark-to-market losses on equity investments of AED277 million.