REFILE-UPDATE 1-Dubai's Mashreq posts 13 pct profit rise on higher lending income

April 19, 2015 10:29 AM

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DUBAI, April 19 (Reuters) - Mashreq, Dubai's third-biggest bank by assets, on Sunday posted a 13.2 percent rise in first-quarter net profit as a rise in income from lending helped to offset a slight dip in returns from fees.

It is the second bank in the United Arab Emirates, after Dubai Islamic Bank, to release earnings for the quarter, with both lenders reporting double-digit profit growth.

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