DIB's Digital Journey
Overall Financial Performance (for the period ending 30 June 2021)
بنك دبي الإسلامي
Dubai Islamic Bank
#Ready For TheNew
Balance Sheet
Key Ratios
AED million
Dec 2020
Jun 2021
Change
Dec 2019 Dec 2020 Jun 2021
Net Financing Assets & Sukuk
232,044
232,807
0.3%
Investments
Net Financing to Deposit
Total Capital Adequacy
92%
96%
89%
16.5% 18.5%
17.0%
Total Assets
289,556
293,782
1.5%
CET1
12.0%
12.0%
12.3%
Non-Performing Financing ("NPF")
3.9% 5.7%
6.3%
Customers' Deposits
205,925
218,309
6.0%
ROE
17% 10.4%
10.4%
Sukuk Financing Instruments
18,744
20,594
9.9%
ROA
2.2% 1.2%
1.3%
Net Profit Margin ("NPM")
3.15% 2.61%
2.54%
Equity
43,130
39,523
-8.4%
1
Cost to Income
Total Liabilities and Equity
289,556
293,782
1.5%
Dividend Per Share (% of par value)
26.9% 29.4%
35% 20%
26.9%
Highlights
•
•
Balance sheet growth momentum maintained, with total assets
reaching nearly AED 294 billion.
Liquidity coverage ratio (LCR) at 152% remains well above
regulatory requirement which along with the finance to deposit
ratio of 89% denotes an extremely healthy liquidity position.
Robust growth in customer deposits of 6% YTD to reach AED 218
billion.
Cost to income ratio improved almost 250bps to 26.9, due to a
disciplined approach to cost management.
The bank sustained a strong sequential growth of 18% in Net
Profit, despite the subdued operating environment.
Income Statement
•
AED million
1H2020
1H2021
Total Income
6,824
5,842
Net Operating Revenue
4,723
4,628
Change
-14.4%
-2.0%
•
Operating Expenses
(1,471)
(1,246)
-15.3%
Profit before Impairment and
3,253
3,382
4.0%
Tax Charges
Impairments
(2,120)
(1,498)
-29.3%
Gain on bargain purchase
1,015
-100.0%
Income Tax
(30)
(20)
-33.3%
•
Group Net Profit
2,118
1,864
-12.0%
1 Cost to income ratio - Being the ratio of total operating expenses (excluding integration costs) to net income.
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