DIB profits grow 37% in FY15

Dubai-Mubasher: Dubai Islamic Bank (DIB) reported a 37% growth in net profits to AED 3.84 billion ($1.04 billion) in the fiscal year 2015, compared to AED 2.80 billion ($763 million) in the fiscal year 2014, according to a bourse filing on Wednesday.

Net revenues rose 19% to AED 6.49 billion during the period from AED 5.43 billion.

Net financing assets increased 31% to AED 97.2 billion in FY15 from AED 73.9 billion in FY14.

Sukuk investments went up 24% from AED 16.1 billion at the end of 2015 to AED 20.1 billion at end of 2014.

Mubasher Contribution Time: 27-Jan-2016 07:51 (GMT)