Dubai, Oct 24 (Reuters) - Mashreq, Dubai's
second-biggest bank by stock market value, posted a 28 percent
year-on-year rise in net profit for the first nine months of
this year, the bank said on Wednesday.
The lender made a net profit of 970 million dirhams ($264
million) in the period.
Loans and advances grew to 40.5 billion dirhams as of
September 2012 from 37.7 billion dirhams at the end of 2011.
(Reporting by Mirna Sleiman; Editing by Andrew Torchia)
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