Emirates Islamic today reported a 72 per cent increase in annual profits for 2013.
The Dubai-based bank, owned by Emirates NBD, announced a net profit of Dh139.5 million in 2013, up from Dh81.1m in 2012, equivalent to an earnings per share of 3.9 fils.
The bank's total assets grew by 6.7 per cent to Dh39.8 billion, up from Dh37.3bn at the end of 2012.
Total income increased 42 per cent during the year to Dh1.9bn. The increase was fuelled by a 56 per cent increase in income from financing activities, which grew to Dh1.2bn for 2013.
The bank's customers account book grew by 12.5 per cent during the year to Dh28.9bn. Retail customers accounted for 82.1 per cent of this figure.
Emirates Islamic changed its brand from Emirates Islamic Bank in November of last year.
jeverington@thenational.ae
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