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 RAKBANK Records AED 1.14 billion in Profit for the First Nine Months of 2013- RAKBANK Records AED 1.14 billion in Profit for the First Nine Months of 2013
- November 22, 2013
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RAKBANK, the leading retail and small business bank in the UAE, reported a net profit of AED 1.14 billion for the nine months ended 30th September 2013, reflecting a 9.6% increase over the same period last year.
"RAKBANK's rise in profit for the first nine months of 2013 from funded and non-funded income streams is a result of the Bank's prudent underwriting policies and efficient growth strategy," said Graham Honeybill, RAKBANK Chief Executive Officer.
Net interest income plus net income from Islamic finance grew to AED 1.75 billion during the nine months ended September 30, 2013, a 5.5% increase compared to 30th September 2012. "We are pleased to see the Bank's Islamic Banking division, AMAL, star...
- View more at: http://www.1888pressrelease.com/rakbank-records-aed-1-14-billion-in-profit-for-the-first-nin-pr-500989.html
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