Dubai Islamic Bank opens branch in Al Nahda

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• UAE-wide branch network reaches 62


• 24th branch in Dubai

 
Dubai - Dubai Islamic Bank (DIB) today announced the opening of a new branch in Al Nahda, Dubai, bringing the bank’s UAE network to a total of 62 branches, including three Express Banking locations. The expansion of the bank’s network is in line with its retail strategy, which will contribute significantly to its annual balance sheet growth. The retail banking business is expected to account for approximately 47 per cent of the bank’s 2009 revenues.
 
“The opening of our latest branch in Al Nahda is in response to the growing needs of our customers, and a clear indicator of the healthy growth in popularity of Dubai Islamic Bank in the UAE,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, DIB. “In addition to the growth in number of customers, our retail deposits as well as financing businesses are expected to show healthy growth as a result of deepening relationships with our existing customers. We are pleased that our business continues to grow on solid footing, and we will continue to expand our branch network to meet our growth requirements.”
 
“Research conducted prior to opening in Al Nahda showed a strong demand for a branch in the area. As a result, we are confident we are making banking with DIB easier and more convenient for customers who live and work in this area,” said Rashid Mahboob, Head of Branches Management, DIB. “We welcome all our customers in the Al Nahda area to the new branch and look forward to opening more branches across the UAE in the months to come.”
 

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