ID :
55599
Wed, 04/15/2009 - 13:52
Auther :
Shortlink :
https://oananews.org//node/55599
The shortlink copeid
Central Bank posts net profit of Dh 3.8 bn in 2008
Abu Dhabi, April 15, 2009 (WAM) - The Board of the UAE Central Bank approved the bank's Balance Sheet and Profit '&' Loss account for the year ending 31/12/2008 following the completion of its auditing by the Central Bank's external auditors Ernst '&' Young.
The Balance Sheet and Profit '&' Loss account items included the following: Assets and liabilities amounted to Dh 193.7 billion as at the end of 2008. compared to Dh 285.9 billion at the end of 2007.
Net profit of Dh 3,832,285,584.26 as at 31/12/2008 compared to net profit of Dh3,778,036,270.43 in the previous year, an increase of 1.4%.
The Board of Directors decided to distribute net profit as follows : 50% ie. Dh 1,916,142,792.13 to be transferred to the Ministry of Finance, 20%, ie. Dh 766,457,116.85 to be transferred to Sheikh Zayed Housing Program, 30%, ie. Dh 1,149,685,675.28 to be transferred to the account of the Permanent Deposit of the Federal Government at the Central Bank.
The Balance Sheet and Profit '&' Loss account items included the following: Assets and liabilities amounted to Dh 193.7 billion as at the end of 2008. compared to Dh 285.9 billion at the end of 2007.
Net profit of Dh 3,832,285,584.26 as at 31/12/2008 compared to net profit of Dh3,778,036,270.43 in the previous year, an increase of 1.4%.
The Board of Directors decided to distribute net profit as follows : 50% ie. Dh 1,916,142,792.13 to be transferred to the Ministry of Finance, 20%, ie. Dh 766,457,116.85 to be transferred to Sheikh Zayed Housing Program, 30%, ie. Dh 1,149,685,675.28 to be transferred to the account of the Permanent Deposit of the Federal Government at the Central Bank.
