Dubai – Mubasher: Emirates Islamic on Tuesday posted a 53.6% rise in its net profits during the third quarter of 2018 to reach AED 171.6 million ($46.73 million), compared to AED 111.7 million ($30.42 million).
During the nine-month period ended September 30, the bank posted a net profit of AED 656.9 million, up 32% year-on-year from AED 498.5 million, it said in a filing to the Dubai Financial Market (DFM).
The bank’s customer deposits rose by 1% to AED 42.4 billion compared to the end of 2017, while the current and saving account balances increased by 1% during the same period.
EIB previously reported a 25% year-on-year rise in net profit during the January-June 2018 period of AED 485 million, compared to AED 386.8 million in the corresponding period of 2017.
