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UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit

UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from the corresponding period last year, due to lower costs and lower impairment allowances. Meanwhile, its operating profit of Dhs319m, dipped 12 per cent y-o-y and improved 39 per cent on…

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