DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday that its first-quarter net profit climbed 17 percent, after the bank posted strong asset growth since December. The bank made Dh301.7m ($82.2m) in the three months to March 31, up from Dh258.5m in the corresponding period last year. Total assets jumped 22 percent in the first quarter compared to the end of 2012, reaching Dh120.6bn at the end of March, accompanied by a 32 percent increase in customer deposits over the same time period. Reuters
