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Bank Activities
Bank’s Activities 2007
 
  • Total assets increased by AED. 2,436 million i.e. 29% to reach AED. 10,789 million as at 31/12/2007; against AED. 8,353 million as at 31/12/2006.

  • Total liabilities reached AED. 8,491 million as at 31/12/2007 against AED. 6,257 million in December 2006, an increase of 36%.

  • Shareholders equity grew by 10% before profit appropriation from AED. 2,096 million as at 31/12/2006 to AED. 2,298 million as at 31/12/ 2007.

  • Facilities increased by AED. 1,555 million representing 41% to reach AED. 5,312 million as at 31/12/2007; from AED. 3,757 million as at 31/12/2006.

  • Total deposits grew by 31% to reach AED. 6,337 million in 31/12/2007 from AED. 4,846 million in 31/12/2007.

  • Net liquidity reached AED. 3,272 million as at 31/12/2007 representing 52% of total deposits, against AED. 2,495 million representing 51% of total deposit in 2006.

  • Contra accounts totaled AED. 5,647 million as at 31/12/2007 compared to AED. 3,424 million as at 31/12/2006, an increase of 65%.

The bank realized net profits as at 31/12/2007 of Dh 404 million in addition to AED. 56 million due to the increase in cumulative change in fair value resulting in a total of AED. 460 million a growth of 22%, compared to a total of AED. 372 million, and a growth of 26% compared to the net profit of 2006 of AED. 320 million.



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