Emirates Islamic Bank suffers Dh448m loss as expenses soar
Dubai Emirates Islamic Bank (EIB) reported a full-year net loss due to significantly higher impairments on financing and investment activities and a rush in expenses.
The bank's total assets fell more than 32 per cent to Dh21.48 billion from Dh32.74 billion in 2010. The bank's full year fin-ancial performance was affected by a 15 per cent increase in expenses.
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