DIB Group reports Dh5.1 billion net profit in 2019 | Banking – Gulf News:
Dubai Islamic Bank Group (DIB Group) on Wednesday reported a net profit of Dh5.1 billion, up by 2 per cent year on year.
The bank said the Noor Bank acquisition is complete, with integration underway to realize the synergies and boost returns.
DIB Board has recommended an increase in foreign ownership limit to 40 per cent, subject to regulatory and corporate approvals.
“DIB has continued to challenge the norms and prove its resilience year on year, despite global and regional growth constraints. Our sustained earnings, with profitability of over Dh5bn, is a clear manifestation of the strategic direction we have set in place, in order to provide only the best and most innovative services to our ever-growing customer base,” said Dubai Islamic Bank Group Chief Executive Officer, Dr. Adnan Chilwan.
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