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Friday, November 29, 2024

Home Islamic DIBP posts after tax profit of Rs3.3 billion

DIBP posts after tax profit of Rs3.3 billion

by News desk
February 7, 2020
in Islamic

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Staff Reporter

Karachi

Dubai Islamic Bank Pakistan Limited continued excellent performance and its growth trajectory in 2019. The Bank posted profit before tax of PKR 5.7 billion for the year ended December 31, 2019 showing an increase of 38% over last year. Earnings per share stood at PKR 2.87 per share compared to PKR 2.15 per share for 2018. The Bank’s net spread before provisions increased by 30%, on the back of impressive growth in its financing portfolio by 16% closing at PKR 178 Billion. The Bank has also recorded robust growth in deposits by 15% closing at PKR 210 billion as compared to last year. Dubai Islamic Bank Pakistan has also achieved major accolades by winning seven awards globally including the coveted CFA Society Pakistan Excellence Award in the “Best Islamic Bank” category.