VOL. XXXIX

No. 26

25-March-1996

UAE

Strong Profits Growth At Emirates Bank International

Dubai-based Emirates Bank International (EBI), the third largest bank in the UAE when ranked by assets, has also announced a healthy increase in profits in 1995. Post-tax net income was up 17% at Dh318mn ($87mn), despite a hefty charge for provisions against bad and doubtful debts. The balance sheet also showed solid growth in terms of both assets and deposits, particulary so in the case of assets...