Emirates Islamic Bank suffers Dh448m loss as expenses soar
2/14/2012 1:05:54 PM
Dubai Emirates Islamic Bank (EIB), which belongs to the Emirates NBD Group, reported a full-year net loss Monday due to significantly higher impairments on financing and investment activities and a surge in expenses. The bank posted a net loss of Dh448.55 million compared to a net profit of 59.34 million in 2010, the bank said in a statement to the Dubai Financial Market.
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