By: Amr Adel
Dubai - Mubasher: The ordinary general meeting of Emirates Islamic Bank approved on Sunday the board of directors’ report on the activities and financial position for the year 2016.
The bank’s chairman, Hesham Al Qassim, said that financial results showed a rise in total profits by 3% to AED 2.5 billion, a growth in assets by 11%, and an increase in clients’ deposits by 5%, which gives an indicated of the bank’s flexibility in the face of the current challenges in global markets.
According to the bank’s financial statement for 2016, annual profits declined by 83.5% to AED 105.63 million compared to AED 640.68 million in 2015.
