Dubai – Mubasher: Dubai Islamic Bank (DIB) posted 16% year-on-year (YoY) higher net profits at AED 8.16 billion in 2024, compared to AED 7 billion.
Total income stood at AED 23.34 billion in 9M-24, an annual rise of 16% from AED 20.14 billion, according to the financial results.
Basic and diluted earnings per share (EPS) climbed to AED 1.04 last year from AED 0.88 in 2023.
Total assets surged by 10% YoY to AED 344.68 billion at the end of December 2024 from AED 314.29 billion, while the customer deposits jumped by 12% YoY to AED 248.54 billion from AED 222.05 billion.
Adnan Chilwan, Group CEO of DIB, said: “2024 proved to be another record year for DIB with our earning assets growing by 10% YoY to AED 295 billion and balance sheet rising by a similar trend to AED 345 billion beating our full-year guidance.”
“Growth was supported by gross new underwriting crossing the AED 100 billion mark during the year, a significant feat amidst a strong competitive environment,” Chilwan highlighted.
In the first nine months (9M) of 2024, DIB registered AED 5.44 billion in net profit, higher by 13% than AED 4.82 billion during the same period a year earlier.
