Dubai – Mubasher: Dubai Islamic Bank (DIB) recorded an 18% leap in net profit to AED 4.82 billion during the first nine months (9M) of 2023, compared to AED 4.10 billion in the year-ago period.
The lender registered total income valued at AED 14.54 billion in the January-September 2023 period, an annual surge of 47% from AED 9.87 billion, according to the consolidated interim financial results.
Basic and diluted earnings per share (EPS) stood at AED 0.61 in the January-September 2023 period, up year-on-year (YoY) from AED 0.52.
Total assets increased by 9% to AED 318.38 billion in 9M-23 from AED 288.23 billion as of 31 December 2022, while the customer deposits soared by 11% to AED 220.91 billion from AED 198.63 billion.
Financial Statements for Q3-23
In the third quarter (Q3) of 2023, the net profits of DIB jumped to AED 1.71 billion from AED 1.40 billion a year earlier.
The basic and diluted EPS went up to AED 0.22 in Q3-23 from AED 0.18 in Q3-22, while the total income hiked to AED 5.23 billion from AED 3.60 billion.
Adnan Chilwan, Group CEO of DIB, commented: “DIB’s gross new financing and sukuk underwriting has been monumental during the reporting period reaching AED 72 billion, up 69% YoY fueled by all business segments, particularly the corporate accounts, underpinning the bank’s robust growth strategy.”
In the first half (H1) of 2023, the DFM-listed bank posted net profits valued at AED 3.11 billion, compared to AED 2.70 billion in H1-22.
