Dubai-Mubasher: Emirates Investment Bank (EIBank) reported a 77% decrease year-on-year in its first-quarter profits, according to a bourse filing
Net profits stood at AED 4.9 million ($1.33 million) in Q1-16, compared to AED 21.2 million ($5.77 million) in Q1-15.
On the flipside, operating income rose 25.4% to AED 23.6 million ($6.42 million) in Q1-16, compared to AED 18.8 million ($5.12 million) in Q1-15.
