DUBAI
Emirates Investment Bank (EIBank), an independent private bank based in the UAE, on Thursday reported net profit of Dh56.52 million, up 66.8 per cent compared to Dh33.89 million in 2016. Operating income for 2017 was up 20.4 per cent at Dh172.15 million compared to Dh42.98 million in 2016. Total assets under EIBank’s management decreased 9.5 per cent to Dh10.53 billion in 2017.
“2017 was a positive year for Emirates Investment Bank despite the ongoing uncertainty in regional markets. Our strategy to further expand our offerings continued to pay off, resulting in steady growth in our net profit and a healthy level of activity across the business,” said Khaled Sifri, CEO of Emirates Investment Bank.
