Dubai-Mubasher: Dubai Islamic Bank (DIB) posted a 17.7% growth in its first-quarter profits, according to a bourse statement.
Profits stood at AED 1.001 billion ($273 million) in the first quarter of 2016, compared to AED 850 million ($231 million) in the same quarter of 2015.
Operating revenues reached AED 1.69 billion ($460.12 million) in Q1-16, up 11% from AED 1.52 billion ($413.84 million) in Q1-15.
Customers’ deposits increased 11% to AED 122 billion ($33.21 billion) during the period, compared to AED 104 billion ($28.31 billion).
DIB rose 0.32% to AED 6.22, with a turnover of AED 28.6 million generated from the exchange of 4.56 million shares.
