DIBPL earns Rs501m profit

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KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has reported a profit-before-tax of Rs501 million during 2012, a statement said on Wednesday. The deposit growth of the bank increased by 38 percent over the last year, translating it into deposits of Rs53.11 billion in 2012. The bank’s asset base rose by 32 percent to Rs63.5 billion, while investment saw a growth of 65 percent over the year.

Total investment stood at Rs21.33 billion. The board of directors of the DIBPL recently held a meeting to approve its financial statements for the year ended December 31, 2012.

DIBPL intends to keep the momentum going for 2013, aiming at taking the branch network to 125 along with opening up of 40 branchless banking booths.


Courtesy: The News

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