Chilwan: DIB continues to Focus on Market Share in UAE

The transcript discusses the financial performance of Dubai Islamic Bank in 2022, highlighting record earnings and strong consumer spending. It outlines expectations for 2023, including interest rate hikes and GDP forecasts. The bank's cautious optimism is emphasized, with a focus on provisions, asset quality, and growth opportunities in international markets. The impact of corporate tax on future financial planning is also addressed.

What was a significant factor in the bank's record profits in 2022?

• Increased property revaluation

• Better net interest income

• Higher corporate tax rates

• Reduced consumer spending

What is the bank's expectation for interest rate hikes by the Fed in 2023?

• No interest rate hikes

• One hike of 50 basis points

• Two hikes of 25 basis points each

• Three hikes of 10 basis points each

How does the bank view its position in the economic environment of 2023?

• Indifferent

• Overly confident

• Cautiously optimistic

• Highly pessimistic

What is the expected GDP growth forecast for the region in 2023?

• 1.5%

• 2.5%

• 4.5%

• 3.5%

Which regions are targeted for the bank's international growth?

• China and Japan

• Pakistan, Indonesia, and Kenya

• South America and Australia

• Europe and North America

What is the bank's approach to potential acquisitions?

• Limited by capital constraints

• Focused only on digital deals

• Flexible and commercially sensible

• Strictly domestic

How has the bank prepared for the corporate tax changes?

• By reducing international operations

• By ignoring the changes

• By increasing provisions

• By factoring a 9% tax increase in 2024 earnings