On Monday, July 30, Emirates Bank Group posted net profits of $71.14 million for the first six months of the current year. This figure represents a 6.5 percen rise in comparison to the $69.64 million figure in the corresponding period of 2000, according to AFP news agency.
The bank’s total assets reached $6.12 billion—14.6 percent higher than last year’s value. However, earnings per share (EPS) dropped to 20 cents in the first half of 20001, from 24 cents in the same period of 2000.
Emirates Bank Group is based in Dubai and is one of the leading United Arab Emirates banks, and is the owner of Emirates Bank International and Middle East Bank. — (MENA Report)
© 2001 Mena Report (www.menareport.com)
