Dubai Islamic Bank 2012 net profit rises to Dhs1.19bn

Dubai Islamic Bank (DIB) group announced its financial results for last year, reporting a net profit of Dhs1.19bn, an increase of 13% compared to 2011. DIB's Board of Directors also recommended the distribution of a cash dividend of 15%, subject to regulatory and general assembly approvals. In general, the financial results show healthy growth across the bank's operations, confirmed by Fitch Ratings recently, that gave the bank a Long-term Issuer Default Rating at 'A' with a stable outlook.

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