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Islamic Finance Briefing - Categorized | Banking, Market Moves more

DIB eyes 15% growth in customer base

Posted on 10 March 2009

From Gulfnews.com: Dubai Islamic Bank (DIB), one of the UAE’s top five banks and the world’s third largest Islamic bank, said Monday that it is pursuing aggressive growth strategy to achieve 15 per cent growth in customer base and 20 per cent growth in retail assets.

Despite extremely challenging financial conditions globally, the bank projects that the expansion of its retail banking business, including 10 new branch openings in the UAE this year, will contribute significantly to its projected annual balance sheet growth and will account for approximately 47 per cent of the bank’s revenue for 2009….. Full Article: Source

 
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