Cairo - Mubasher: MubasherTrade Research maintained its 'Buy' recommendation on Dubai Islamic Bank (DIB), and has set the fair value of the stock at AED 6.9 per share.
The bank’s revenues declined 10% year-on-year in the third quarter of 2016 due to the increase in provisions and operating expenses, MubasherTrade Research said in a recent report.
The Dubai-based bank reported a 0.5% growth in profits to AED 1.006 billion in Q3-16 compared to AED 1.001 billion in the same period in 2015.
