Investor Presentaiton
Annual Record High Profitability
بنك دبي الإسلامي
Dubai Islamic Bank
#Ready For TheNew
YOY
YOY
QoQ
AED million
FY 2023
FY 2022
4Q 2023
4Q 2022
3Q 2023
% Change
% Change
% Change
Total Income
20,142
14,101
43%
5,594
4,229
32%
5,239
7%
Net Operating Revenue
11,665
10,467
11%
3,118
2,814
11%
2,967
5%
Operating Expenses
(3,162)
(2,733)
16%
(900)
(693)
30%
(791)
14%
Profit before Impairment and Tax
8,503
7,734
10%
2,218
2,121
5%
2,177
2%
Charges
Impairments
(1,396)
(2,103)
(34%)
13
(653)
(102%)
(450)
(103%)
Income Tax
(98)
(79)
23%
(44)
(18)
149%
(14)
212%
Group Net Profit
7,010
5,552
26%
2,186
1,451
51%
1,713
28%
C/I Ratio
NPM
27.1%
26.1%
100 bps
28.9%
24.6%
430 bps
26.6%
230 bps
3.1%
3.0%
10 bps
3.1%
3.4%
30 bps
3.1%
Group Net Profit Movement (AED million)
8%
23%
428
553
644
5,552
Net Profit FY 2022 Net Funded Income Non Funded Income
.
16%
-34%
23%
26%
7,010
•
18
(707)
OPEX
Impairments
Income Tax
Net Profit FY 2023
.
•
Key Highlights
Robust total income growth reaching AED 20.1
billion up of 43% YoY.
Operating revenues up by 11% YoY to AED 11.7
billion, this supported by:
Net funded income growth of 8% YoY
Non funded income growth of 23% YoY
NPM up 10 bps YoY to reach to 3.1%.
Impairments significantly down by 34% YoY to
AED 1.4 billion. Charges during the quarter
witnessed reversal of AED 13 million due to the
banks success in achieving settlements against
certain large legacy accounts.
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