| 25 Jan 2012 |
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Dubai Islamic Bank opens three new branches, bringing UAE-wide network to 74
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Total Dubai branch network reaches 35
New branches located in Gold Souk, Al Baraha and Al Barsha
Dubai, January 25, 2012: In its pursuit of expanding its local reach, Dubai Islamic BankDubai Islamic Bank
(DIBDIB) announced today the opening of three new branches in Dubai, bringing the bank's UAE-wide network to a total of 74 branches. The branches, which take DIBDIB's Dubai-network to 35 branches, are located in the Gold Souk in Deira; Al Baraha area; and Al Barsha Mall. Speaking at the inauguration of the three new branches, Abdulla Al Hamli, Chief Executive Officer of DIBDIB, said: "We continue to move forward with our ambitious plans to expand DIBDIB's physical presence across the UAE. We have created a world-class infrastructure reinforcing DIBDIB's position as the UAE's leading Islamic bank."
Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer & Wholesale Banking, said: "The Bank's strategy of prudent growth in service delivery infrastructure continues to yield great results. We continuously evaluate the needs of our growing customer base, and opening branches in key commercial and residential areas is essential to providing accessibility and convenience. The latest additions to our already strong branch network are, therefore, in line with DIBDIB
's successful strategy of putting the customer at the centre of all we do."Rashid Mahboob, Head of Mass Market - Consumer Banking, added: "Retail customers in the UAE today demand choice and convenience in how and when they access banking services. While we continue to enhance our fast, advanced and efficient alternative channels, we recognise the importance of traditional high street banking. Our three new branches will offer DIBDIB's full suite of innovative banking products and services."
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About Dubai Islamic BankDubai Islamic Bank:
Dubai Islamic BankDubai Islamic Bank (DIBDIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIBDIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. The bank currently operates 74 branches in the UAE.
DIBDIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIBDIB Pakistan Limited, a wholly owned subsidiary which has a network of 64 branches across 26 major cities in Pakistan. DIBDIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank
has earned the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 79 local, regional and international accolades that it has won between 2008 and 2010. DIBDIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. The bank's most recent awards include being named "Best Islamic Bank in UAE" for the fifth consecutive year by Islamic Finance News, "Best Islamic Bank" in the UAE for 2010 by NY-based Global Finance magazine, "Best Islamic Bank in the UAE" by Asiamoney magazine, and being named winner of the first-ever pan-Arab emeafinance award for corporate social responsibility. For further information, please contact:
Liam Turner / Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
E-mail: / n.nesson@asdaa.com
© Press Release 2012
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