Dubai Islamic Bank Q1 net profit rises 34pc
DUBAI, April 15, 2015
Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 33.9 per cent increase in first-quarter net profit on Wednesday, beating analysts' forecasts.
The bank made a net profit attributable to shareholders of Dh816.7 million ($222.4 million) in the three months to March 31, it said in a statement, up from Dh610.1 million in the corresponding period of 2014.
EFG Hermes forecast Dubai Islamic Bank would make a quarterly net profit of Dh751.21 million, while HSBC forecast this would be Dh677 million. - Reuters