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IBL's net profit drops
The nine month net profit drops 10 percent to $19 million
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Net interest income rose 36 percent to $4.5 million at the end of September, the bank said.

Expenses rose 19 percent to $17 million. Staff expenses accounted to 47 percent of total expenses reaching $8 million over the period. Operating expenses also rose to $8 million, the bank said.

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Date Posted: Dec 17, 2009