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BLME reports drop in impaired assets

: Tuesday, March 04 - 2014 @ 00:17

London-based BLME Holdings has posted an operating profit before tax of £6.1m (Dsh37.5m). The Nasdaq Dubai-listed Islamic banking group said that with 13% growth in depositors recorded last year it is well positioned to increase financing further and meet the more stringent regulatory liquidity ratios. Impaired assets fell from 5.1% to 4%, better than the industry average, while the fee income increased by over 50%, the bank said.

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Tuesday, March 4- 2014 @ 0:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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