MCB Islamic Bank's half-year PBT soars to Rs4.013bn - Business & Finance
KARACHI: MCB Islamic Bank’s profit before tax has soared from Rs 595 million in June 2022 to an impressive Rs ...
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KARACHI: MCB Islamic Bank’s profit before tax has soared from Rs 595 million in June 2022 to an impressive Rs ...
This record profit was driven by higher funded and non-funded income
DUBAI, 27th July, 2023 (WAM) -- Emirates Islamic delivered its highest ever half-year net profit, with an exceptional jump of 73 percent to AED 1.2 billion during the first half of 2023. This record profit was driven by higher funded and non-funded income reflecting improved business sentiment.Key Highlights – First Half 2023- Strong operating performance on higher funded income and higher non-funded income- Total income up 71 percent y-o-y driven by higher funded and non-funded income- Expenses increased 63 percent y-o-y as the bank invests...
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