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DIB Reports 38% Lower Profits on Higher Provisioning

by bondevalue | Feb 17, 2021 | Investment Grade Bonds

Dubai Islamic Bank (DIB) reported a 38% decline in group annual 2020 net profits to AED 3.16bn ($900mn), as its total income reflected a marginal dip to AED 13.42bn ($3.65bn) in 2020 from AED 13.68bn ($3.72bn) in 2019. The fall in profits was “primarily driven by a...

DIB Reports 38% Lower Profits on Higher Provisioning

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