Dubai Islamic Bank PJSC (DFM:DIB)
د.إ 9.7 +0.12 (+1.25%) Market Cap: 70.10 Bil Enterprise Value: 25.99 Bil PE Ratio: 9.06 PB Ratio: 1.55 GF Score: 59/100
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Q4 2024 Dubai Islamic Bank Public JSC Earnings Call Transcript

Feb 11, 2025 / 08:00 AM GMT
Release Date Price: د.إ7.92 (+2.06%)

Key Points

Positve
  • Dubai Islamic Bank PJSC (DFM:DIB) reported a robust 10% growth in its core business and balance sheet for 2024.
  • The bank achieved a significant 16% year-on-year increase in total income, reaching $23 billion.
  • Net financing book grew by 7% year-on-year, while the sukuk portfolio saw a robust growth of over 20%.
  • Asset quality improved significantly, with the non-performing financing ratio decreasing by 140 basis points to 4%.
  • The bank's cost-to-income ratio stands at a competitive 26.7%, indicating efficient cost management.
Negative
  • Despite strong earnings, the dividend per share remained flat, which may disappoint some investors.
  • The bank faces pricing pressures due to intense market competition, which could impact return on assets.
  • There were significant early repayments in 2024, which affected the net growth of the corporate book.
  • The cost of risk appears low at 14 basis points, but this is due to settlements and recoveries, not a normalized figure.
  • The bank's focus on public sector loans could potentially affect net interest margins if not managed carefully.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DISB.DU - Dubai Islamic Bank Public JSC
Q4 2024 Dubai Islamic Bank Public JSC Earnings Call
Feb 11, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the Dubai Islamic Bank 4 year 2024 Financial Results earnings call. Please note to all those who are listening to us via the webcast link to kindly refresh their browser link in case of experiencing any intermittent audio issues.

As a reminder, please ask your questions by submitting them via email to [email protected]. I'd now like to hand over to your host, Janani Vammadeva from Arkham Capital. Ms, please go ahead.

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Unidentified_2 [2]
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