For the first three months ended on 31 March 2013, its total income grew to AED443m ($120.6m), with an increase of 42% against the total income reported during the first quarter of 2012.

The bank reported an operating profit before impairment of AED195m ($53m) for the first quarter of 2013, up by 41% compared to the same period a year ago.

EIB’s customer deposits was AED26.3bn ($7.16bn) at the end of the current quarter, while customer financing increased by 5% to AED20.7bn ($5.63bn).

As of 31 March 2013, its nonperforming ratio improved to 19.2%, compared to 20.4% compared at 31 December 2012.

Emirates Islamic Bank CEO Jamal Ghalaita said, "The transformation journey launched by Emirates Islamic Bank in late 2011 continues to deliver strong growth quarter over quarter, through strengthened retail and commercial franchises, supported by an expanded product offering and physical network."

The bank manages 171 ATMs and the sixth largest branch network in the UAE and continues to invest in expanding its network further across the country.