1.8 billion dirhams profits "Dubai Islamic" During the first quarter
Dubai, April 24 / WAM / Dubai Islamic Bank’s profits grew 8% to 1.797 billion dirhams before calculating the tax during the first quarter of this year, while profits before the tax was held by 14% on an annual basis to 2,108 million dirhams.
The results came by withdrawing the bank mainly driven by growth in the returns of high -quality assets.
The public budget increased by 3% to 355 billion dirhams, with the support of the strong movement of deposits.
The operational revenues achieved 5% growth on an annual basis, to reach 3,154 million dirhams, and the net financing and sukuk investments recorded 4% to its date of the year, to reach 307 billion dirhams, and net financing recorded a strong growth of 5% to its date of the year, to reach 223 billion dirhams.
The dealers ’deposits increased to 265 billion dirhams, an increase of 7% to its date of the year, and the current account balances and savings accounts increased by 4% from the beginning of the year to date, to reach 99 billion dirhams, and it represents 37% of the total customer deposits base.
The bank’s net operational revenues increased by 5.2% on an annual basis, to reach 3.154 billion dirhams, supported by non -financier income, which recorded 13% on an annual basis.
The profits increased before calculating the allocations for the decrease in value by 5.7% on an annual basis, reaching 2.271 billion dirhams, compared to 2.149 billion dirhams in the first quarter of 2024.
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