COVID-19 Response and Financial Performance
Operating Performance
Profitability (AED mn)
Net Profit Margin
بنك دبي الإسلامي
Dubai Islamic Bank
Cost to income ratio (%)
9,267
8,202
3.11%
3.14%
3.15%
7,687
6,935
30.4%
5,004
5,103
2.70%
4,504
3,124
270,376
185,228
201,919
205,288
FY2019
9M2020
FY2017
Net Profit
FY2017 FY2018
Net Operating Revenue
ROA (%)
2.34%
2.32%
2.25%
1.70%
ROE (%)
FY2018
FY2019
28.3%
26.9%
9M2020
FY2017
FY2018
Profit Bearing Assets (AED mn)²
Net Profit Margin (%) 1
18.7%
18.1%
17.1%
Highlights
FY2019
• Cost to income (%)
29.4%
9M2020
14.0%
•
Profitability remains robust despite highly
prudent and conservative approach to
provisions.
Margins slightly lower primarily because
of deliberate strategy of focusing on
sovereign and related business.
Cost to income ratio has already stabilized
in 9M and is expected to improve as
integration synergies continue to
materialize.
2017
2018
2019
9M2020
2017
2018
2019
9M2020
Return on Assets (%)
Return on Equity (%)
1Net Profit Margin is calculated as Depositors' share of profits subtracted from income from Islamic Financing and Investing Assets transactions divided by Average Profit Bearing Assets.
2Profit Bearing Assets are calculated as the sum of Islamic placements with UAE Central Bank and banks, Islamic financing and investing assets and investment in Islamic Sukuk.
ROE - Being the ratio of annualized net profit (excluding one off / exceptional items) attributable to equity holders to average shareholders' equity, adjusted for estimated dividend distribution.
ROA - Being the ratio of annualized net profit (excluding one off / exceptional items) for the group to average total assets.
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