adib

ADIB eyeing bigger market share

: Monday, March 10 - 2014 @ 01:41

Abu Dhabi Islamic Bank (ADIB) is seeking to gain a significant market share by extending its Islamic banking and financial services to expatriates and non-Muslim customers, while remaining loyal to the core UAE National customer base Gulf News has reported. “Our non-Muslim customer base is rapidly expanding. It used to be 80% UAE nationals and 20% expatriates,” said head of retail banking at ADIB, Philip King. “The new trend we see is that the flow of new business is about 60% nationals and 40% expatriates with a significant share of that business coming from non-Muslim expatriates,” he said. ADIB Group reported a 20.7% increase in net profit to Dhs1.45bn, as total assets grew 19.8%.

Today's Top Stories

Posted by

Monday, March 10- 2014 @ 1:41 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs