ABC Islamic Bank, a subsidiary of Bahrain-based Arab Banking Corporation, has registered a 75 per cent jump
UAB has announced a record net profit of Dhs298m for the nine months ended 30 September 2012, an increase of 32% over the same period of 2011 and the highest net profit ever for UAB in the first nine months of the year.
He added:"During the year, the bank embarked on new strategic growth initiatives to broaden our revenue streams and we remain confident that these will further enhance our operating returns in the future."
D. Sarkar, the bank’s chairman and managing director, said the DIFC branch — the bank’s second overseas
"The UAE is an important global business centre and this initiative reflects our commitment to bring world-class banking services to the doorstep of the Indian community in the region," the group head for said.
Today, of the 43 banks operating in Azerbaijan, 23 operate with the participation of foreign capital. In seven of them the share of foreign capital ranges from 50 to 100%, in 14 banks - up to 50%.