Abu Dhabi – Mubasher: The board of directors of Emirates Development Bank (EDB) on Saturday approved the bank's financial results for the period between 31 December 2012 and 31 December 2015.
The bank said it achieved a net profit of AED 350 million ($95.3 million) during the three-year period.
Total assets increased by 50% during the period to AED 6.9 billion, from AED 4.6 billion as at 31 December 2012, EDB said in a statement, adding that total deposits were up 41% during the period to AED 5.5 billion, from AED 3.9 billion.
