Dubai – Mubasher: Emirates Investment Bank has achieved net profits attributable to the equity holders of AED 14.351 million during the first half (H1) of 2021, against net losses of AED 20.865 million in the same period of 2020, as shown by the bank's consolidated interim financials for the six month period ended 30 June 2021.

The bank recorded AED 35.705 million in the net interest and investment income in H1-21, up from AED 12.249 million in H1-20.

Meanwhile, the bank's operating income increased to AED 46.458 million in the January-June period of 2021 from AED 25.653 million in the corresponding period of 2020.

The bank's total assets reached AED 2.78 billion as of 30 June 2021, compared to AED 2.483 billion as of 31 December 2020.

The basic and diluted earnings per share (EPS) settled at AED 20.50 in H1-21, against loss per share of AED 29.81 in the year-ago period.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the bank achieved net profits attributable to the equity holders of AED 7.005 million, compared to net losses of AED 6.07 million in the same period of 2020.