News Column

EIB reports Dh19.5 million Q1 income

April 30, 2014



Total assets under management increased by 42 per cent to Dh6.04 billion, compared to the Dh4.26 billion posted in December 2013.



Emirates Investment Bank, an independent private and investment banking boutique, on Tuesday announced that net profit for the first quarter of 2014 was up by 26 per cent to Dh19.5 million, over the Dh15.4 million recorded in Q1, 2013. Customer deposits grew 22 per cent to Dh2.05 billion, over the Dh1.68 billion recorded in December 2013. Total assets under management increased by 42 per cent to Dh6.04 billion, compared to the Dh4.26 billion posted in December 2013.


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Source: Khaleej Times (United Arab Emirates)


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