DIB Pakistan posts profit of Rs1.8b

KARACHI: Dubai Islamic Bank Pakistan Limited, a wholly owned subsidiary of Dubai Islamic Bank, UAE, in its recent board meeting held in Dubai on October 8, 2018 approved condensed interim financial statements of the bank for the nine-month period ended September 30, 2018. Dubai Islamic Bank Pakistan CEO Junaid Ahmed stated that the bank has further accelerated its growth momentum and recorded impressive results with a record growth of 65% in profit after tax, which increased to Rs1,853 million from Rs1,121 million in the corresponding period last year. The bank recorded earnings per share of Rs1.59. The bank has achieved sustainable growth in its financing portfolio. Asset quality indicators of the bank showed a positive trend and recorded the lowest non-performing financing ratios in the banking industry.  

Published in The Express Tribune, October 16^th, 2018.

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