Dubai-listed Emirates Investment Bank Q3 2023 profit surges to $6.8mln

Dubai-listed Emirates Investment Bank Q3 2023 profit surges to $6.8mln

Dubai-listed Emirates Investment Bank Q3 2023 profit surges to $6.8mlnWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>MARKETS>Equities>Dubai-listed Emirates In...PHOTODubai-based Emirates Investment Bank has seen its third-quarter income surge by five times compared to a year earlier.Profit attributable to equity holders stood at AED25 million ($6.8 million) during the quarter, up from a little over AED5 million in the same period last year, according to a disclosure on the Dubai Financial Market.The private bank, which offers investment and banking services to high-net-worth individuals (HNWIs), recorded an interest income of AED32.8 million during the quarter, more than doubling the previous year’s AED14.1 million.Net income from investments also increased to AED16.6 million from AED12 million during the same period.(Writing by Cleofe Maceda; editing by Brinda Darasha)([email protected])Disclaimer: This article is provided for informational purposes only. The content does not