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Wednesday 27 Jan 2016 - 13:27 Makkah mean time-17-4-1437
Dubai, (IINA) - Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant lender, posted a 62.8 percent increase in fourth-quarter net profit on Wednesday, according to Reuters.
The bank made Dh1.15 billion in the three months to December 31, Reuters calculated based on its full-year earnings statement as it did not provide a quarterly breakdown.
This compares with a profit of Dh706.3 million in the corresponding period of 2014 and the forecast by an analyst at HSBC for the quarter of Dh915 million.
The bank said in a bourse filing its 2015 net profit rose to Dh3.84 billion, up 37 percent from the previous year.
The bank’s board proposed a 0.45 dirhams cash dividend for 2015, subject to central bank approval, it added. This is up from 0.4 dirhams for the previous year.
SM/IINA
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