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FINANCIAL NEWS
Emeriti EIB posts 28 percent net profit fall in Jan-Sep
03 Nov 2015
(MENAFN) Emirates Investment Bank logged a drop of 28 percent in gross profit hitting USD8 million for the nine months to September period, from the USD11.1 million registered in 2014, based on reports.
Bank’s overall assets jumped 0.7 percent to USD2.1 billion over the cited period, plus consumer deposits also grew slightly to USD822 million, up from USD813 million in last year’s same period.
Additionally, operating income climbed by over 55 percent to USD7.7 million in the three months to September timeframe from the USD4.9 million reported at the corresponding period in the prior year.
“With the current uncertain global macroeconomic conditions, low oil prices and the sensitive regional geopolitical situation, volatility remains high in regional and global markets,” said the chief executive officer.
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