COVID-19 Response and Financial Performance
Asset Quality (contd.)
Islamic financing and investing assets (Gross Exposure by stages)
Stage 1 (AED million)
Gross Exposure
-ECL Coverage
1.01%
Stage 2 (AED million)
Gross Exposure
ECL Coverage
19,031
0.78%
176,075
8.40%
12,102
138,667
7.98%
Dec 2019
Sept 2020
Dec 2019
Sept 2020
Highlights
Expected Credit Loss (AED million)
■Stage 1 Stage 2 ■Stage 3
•
4,039
1,076
966
1,199 1,301
4,855
Dec 2019
Sept 2020
Note: 2020 ECL % for stage 1 and 2 includes ECL held in Noor book and PPA adjustments
•
Stage 3 (AED million)
بنك دبي الإسلامي
Dubai Islamic Bank
Gross Exposure
⚫ECL Coverage
64.88%
57.40%
8,463
6,225
Dec 2019
Sept 2020
Proactive approach taken to enhance coverage of
performing stage 1 and 2 exposures, in view of uncertain
economic conditions.
Stage 1 provision coverage improved from 0.78% to 1.01%,
whilst Stage 2 coverage improved from 7.98% to 8.10%.
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