BLME reports drop in impaired assets

March 4, 2014 12:17 am

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.