Dubai Islamic Bank (DIB) has outlined its aggressive growth ambitions for 2009, with major expansions planned for its retail banking arms.
In news that may be of interest to those who are buying property in Dubai and are looking for a local bank, DIB has announced that it will be opening no fewer than ten new branches throughout the UAE before the year is up.
As a result, it is anticipating that its customer base will increase by some 15 per cent, bringing its services to a total of 900,000 people.
"We are confident that the bank's 2009 growth strategy will deliver significant, sustained returns. With a renewed focus on our already robust retail operations, DIB will continue to expand its customer base while diversifying its income sources," said Khaled Al Kamda, group managing director at DIB.
The bank has this month been named the Best Islamic Bank in the UAE 2008 at the Islamic Finance News Awards, in addition to Best Islamic Wealth Management Provider.