DUBAI, Oct 24 (Reuters) - Dubai Islamic Bank's (DIB) third-quarter net profit fell 30.9 percent to 296.75 million dirhams ($80.78 million) compared to a year earlier.
The lender said its profit for the nine month to end-September came it at 1.12 billion dirhams, a fall of 35.3 percent from the same period in 2008.
'DIB has made impairment provisions of 403 million dirhams for the same (nine month) period, impacting its net profitability,' the bank said in a statement on Saturday.
The bank, which made a net profit of 430 million dirhams in the third quarter of 2008, did not give quarterly earnings data. Its third-quarter profit was calculated by Reuters based on first half net profit of 823.25 million dirhams. ($1=3.673 Uae Dirham) Keywords: DUBAIISLAMIC EARNINGS/ (inal.ersan@thomsonreuters.com; +971 4 366 4255; Reuters Messaging: inal.ersan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The lender said its profit for the nine month to end-September came it at 1.12 billion dirhams, a fall of 35.3 percent from the same period in 2008.
'DIB has made impairment provisions of 403 million dirhams for the same (nine month) period, impacting its net profitability,' the bank said in a statement on Saturday.
The bank, which made a net profit of 430 million dirhams in the third quarter of 2008, did not give quarterly earnings data. Its third-quarter profit was calculated by Reuters based on first half net profit of 823.25 million dirhams. ($1=3.673 Uae Dirham) Keywords: DUBAIISLAMIC EARNINGS/ (inal.ersan@thomsonreuters.com; +971 4 366 4255; Reuters Messaging: inal.ersan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.