On Sunday, Dubai Bank declared a net profit of Dh226.1 million in 2008, up 7.26% from 2007 despite the global credit crunch.  Moreover, assets grew by 69% to Dh18.5 billion, while deposits grew by 94% to Dh14.97 billion.  Finally, the bank’s retail arm’s Ijarah and Personal Finance portfolios grew by 164 and 143% respectively, continuing their strong success of recent years.

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