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Bank Melli Iran |
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United Arab Emirates Branches |
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Income Statement |
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For the year ended December 31, 2007 |
|
(In Thousand Arab Emirates Dirhams) |
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2007 |
2006 |
|
|
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Interest income |
678,481 |
421,211 |
|
|
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Interest expense |
(380,944) |
(176,644) |
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Net interest income |
297,537 |
244,567 |
|
|
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Other operating income |
123,554 |
86,848 |
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Operating income for the year |
421,091 |
331,415 |
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General and administrative expenses |
(50,885) |
(44,558) |
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Allowances for impairment of loans and
advances, net |
(36,491) |
(19,610) |
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Income before taxation |
333,715 |
267,247 |
|
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Taxation |
(69,160) |
(55,165) |
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Net income for the year |
264,555 |
212,082 |
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