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Emirates Investment Bank turns to profitability in 2021

Emirates Investment Bank turns to profitability in 2021
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Dubai – Mubasher: Emirates Investment Bank has achieved net profits attributable to the equity holders of AED 30.61 million in 2021, against net losses of AED 29.31 million in the earlier year, according to the bank's consolidated financials for the year ended 31 December 2021.

The bank's net income from investments increased to AED 63.05 million in 2021 from AED 28.79 million in 2020.

The basic and diluted earnings per share (EPS) settled at AED 43.74 last year, versus losses per share of AED 41.88 in 2020.

It is noteworthy to mention that during the first nine months (9M) of 2021, the bank recorded net profits attributable to the equity holders of AED 24.587 million, against net losses of AED 28.169 million in the year-ago period.