Dubai: Emirates Investment Bank said on Thursday its total assets under management fell 9.5 per cent to Dh10.53 billion compared to Dh11.63 billion in the year-earlier period.
The investment bank reported a 66.8 per cent rise in net profit to Dh56.52 million.
“2017 was a positive year for Emirates Investment Bank despite the ongoing uncertainty in regional markets. Our strategy to further expand our offerings continued to pay off, resulting in steady growth in our net profit and a healthy level of activity across the business. Delivering the best value to our clients remains a key focus for us, and we are constantly looking for opportunities to bring to them that could help achieve their financial objectives,” Khaled Sifri, CEO of Emirates Investment Bank, said.