The Emirates Bank Group (EBG) recorded a net profit of AED 1,152 million (US$ 314 million) for the nine months ended 30 September 2005. This represents an increase of 96.2 per cent over the AED 587 million (US$ 160 million) earned in the same period in 2004. Earnings per share increased to AED 1.61 (US$ 0.44) compared to AED 0.82 (US$ 0.22) for the same period last year.
Total assets of the Group were AED 48.9 billion (US$ 13.3 billion) at 30 September 2005 an increase of AED 12 billion (US$ 3.2 billion) or 32% over 30 September 2004.
Loans and advances to customers were higher at AED 34.2 billion (US$ 9.3 billion) at 30 September 2005 from AED 28.4 billion (US$7.7 billion) at 30 September 2004.
Customer deposits increased to AED 26.6 billion (US$ 7.2 billion) at 30 September 2005 from AED 20.3 billion (US$ 5.5 billion) at 30 September 2004.
