Results were due to a fall in insurance services expenses.

The bank said profits up despite lower net interest income and higher expenses.

Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.

Expenses stood at 9.8 billion dirhams at the end of November 2021, against 9.58 billion dirhams a year earlier and 19.26 billion dirhams during the first eleven months of 2019.