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Emirates Islamic Bank to open 10 new branches in 2013

12 Jun 2013

MEAFN) Emirates Islamic Bank (EIB) deputy chief executive and head of consumer wealth management Faisal Aqil stated that the bank plans on openning 10 extra branches in 2013, raising the total numnber of its branches to 58, reported The National.

The deputy chief executive also said that EIB, which has already received approval from the Central Bank for five new branches, plans on increasing its retail banking loan book by 35 percent in 2013.

Aqil added that UAE’s third-largest Islamic bank will recruit around 70 to 80 new employees in the coming few months, focusing on new graduates.

It is worth noting that EIB’s personal loans to residents climbed 3 percent during the first four months of 2013, twice the rate of the same period of 2012.

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