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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, 2008 |
|
(In Thousand Arab Emirates Dirhams) |
|
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2008 |
2007 |
|
|
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Interest income |
631,648 |
678,481 |
|
|
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Interest expense |
(320,847) |
(380,944) |
|
_____________ |
_____________ |
Net interest income |
310,801 |
297,537 |
|
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Net fees and
commission income |
75,777 |
90,106 |
|
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Other income |
37,032 |
33,448 |
|
|
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General and administrative expenses |
(66,189) |
(50,885) |
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|
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Impairment loss on loans and advances - net
of recoveries |
(28,594) |
(36,491) |
|
_____________ |
_____________ |
Profit before taxation |
328,827 |
333,715 |
|
|
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Taxation
for the year |
(74,795) |
(69,160) |
|
_____________ |
_____________ |
Net profit for the year |
254,032 |
264,555 |
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