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DIB posts first-quarter revenue of Dh3.5 billion and pre-tax profit of Dh2.1 billion

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Gulf News Report·about 1 month ago
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Broad-based revenue growth across key businesses translates into strong earnings for DIB Last updated: April 29, 2026 | 07:00 DIB, the largest Islamic bank in the UAE by assets, recorded operating revenues of Dh3.5 billion for the first quarter of 2026, a 13 per cent year-on-year (YoY) growth, while total assets reached Dh420 billion. The growth in operating revenues was driven by broad-based momentum across key revenue streams, including a 5 per cent YoY increase in funded income and a 30 per cent YoY rise in non-funded income. Operating profit increased by 12 per cent YoY to Dh2.5 billion, thanks to solid revenue growth and continued cost discipline, underscoring DIB’s highly efficient operating model with a cost-to-income ratio of 28.2 per cent. Pre-tax profit reached Dh2.1 billion, reflecting the resilience of the bank’s earnings profile despite a lower rate environment and softer recoveries during the quarter.…

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