COVID-19 Response and Financial Performance
Overall Financial Performance (for the period ended 30 Sept 2020)
Preserving long term value for our customers and shareholders
بنك دبي الإسلامي
Dubai Islamic Bank
Balance Sheet
Financial Highlights
AED million
Dec 2019
Sept 2020
Change
Key Ratios
Dec 2018 Dec 2019 Sept 2020
Net Financing Assets & Sukuk
184,157
234,507
27%
Investments
Net Financing to Deposit
Total Capital Adequacy
93%
92%
92%
17.5%
16.5%
17.3%
CET1
12.4%
12.0%
12.9%
Total Assets
231,796
299,303
29%
Non-Performing Financing ("NPF")
3.4%
3.9%
4.8%
Customers' Deposits
164,418
214,642
31%
ROE
18%
17%
14%
ROA
2.32% 2.25%
1.70%
Sukuk Financing Instruments
14,852
18,598
25%
Net Profit Margin ("NPM")
3.14%
3.15%
2.70%
Equity
34,732
40,033
15%
1
Cost to Income
28.3%
26.9%
29.40%
Total Liabilities and Equity
231,796
299,303
29%
Dividend Per Share (% of par value)
35%
35%
Highlights
Income Statement
AED million
9M2019
9M2020
Change
.
Total Income
10,250
9,892
(3%)
Net Operating Revenue
6,877
6,935
1%
Operating Expenses
(1,771)
(2,134)
20%
Profit before Impairment and
5,105
4,801
(6%)
Tax Charges
•
Extraordinary Impairment, ECL
(1,056)
(2,650)²
151%
and Overlay
Gain on Bargain Purchase
1,015
100%
•
Income Tax
Group Net Profit
(34)
4,015
(41)
20%
3,124
(22%)
•
Strong balance sheet growth with total assets approaching the
AED 300 billion mark, thus translating into a 29% growth rate.
Net Operating Revenue largely stable at AED 6,935 million,
supported by an increase in fee income of 19% YoY.
CASA on the rise, now constituting 39% of overall deposits,
compared to 33% at YE2019.
Top line income at AED 9,892 million remains robust, despite
impacts due to pandemic.
1 Cost to income ratio - Being the ratio of total operating expenses (excluding integration costs) to net income (normalized with synergies).
2 Impairment provision of AED 2.65 bn includes one offs.
8View entire presentation