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Emirates Islamic conferred as fastest growing UAE bank

Emirates Islamic BankEmirates Islamic has been named as Fastest Growing Bank – UAE at the Banker Middle East Industry Awards 2016, in recognition of its exceptional growth in 2015. Emirates Islamic has recorded a 25 – 35% annual growth over the last four years. In 2015, the bank’s net income increased by 25% to Dh 2.43 billion ($ 661 million) and net profit increased by 76% to Dh 641 million. The bank has also witnessed a 26% increase in its customer base with deposits growing by 25% to Dh 39.3 billion. Emirates Islamic CEO Jamal Bin Ghalaita said the award is a testament to the success of transformation strategy launched in 2011 with a clear objective to become the leading Islamic bank in the country. He said the bank is far ahead in competition in terms of year on year growth in total revenue, operating profit and net profit.

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