Feb 02 2012 |
more articles from
|
DIB posts Dh1bn net profit
Assets stand at Dh90.59bn; Deposits grow to Dh64.77bnDubai Islamic Bank ( DIB ) on Thursday reported that net profit for 2011 increased to Dh1.01 billion, compared to a net profit before restatement of Dh806 million in 2010. DIB 's net profit for 2010 has been adjusted due to the restatement of the results of an associate company.
The bank announced operating profit of Dh1.03 billion for 2011.
DIB 's total assets stood at Dh90.59 billion as of December 31, 2011, compared to Dh89.8 billion at the end of the same period in 2010. The bank's customer base continued to expand in 2011, with customer deposits reaching Dh64.77 billion as of December 31, 2011, a year-on-year increase of 2.1 per cent.
As of December 31, 2011, DIB reported a robust Basel II capital adequacy ratio of 18.2 per cent, and a Tier I Capital ratio of 13.7 per cent.
In 2011, the bank continued with its ambitious plans to expand its physical presence across the UAE, opening seven new branches, including the bank's first stand-alone Al Islami Private Banking branch. DIB also expanded the alternative banking channels available to customers with the launch of its Express Banking Terminals, giving customers 24-hour access to a wide range of banking services usually only available in branch, online or through phone banking.
"Through our focus on innovation and expansion, DIB has reinforced its position as the UAE's leading Islamic bank," said Abdulla Al Hamli, Chief Executive Officer of DIB . "By continuing to successfully combine traditional Islamic values with the technology and innovation that characterise the best of modern banking, DIB is excellently placed to achieve sustained growth in the coming years."
© Emirates 24|7 2012
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment