Monday, February 05, 2007

Banking: Dubai bank announces 35% profit increase

Dubai Bank has reported a net profit of $28.6m for 2006, an increase of 35% over the previous year. Its assets were valued at $1.5bn at the end of 2006.

The bank is aiming to achieve a 33% increase in its net profit this year and is also looking at establishing operations in other GCC countries.

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