Dubai Islamic Bank opens three new branches, bringing UAE-wide network to 74

Published January 25th, 2012 – 11:01 GMTPress Release

In its pursuit of expanding its local reach, Dubai Islamic Bank (DIB) announced today the opening of three new branches in Dubai, bringing the bank’s UAE-wide network to a total of 74 branches. The branches, which take DIB’s Dubai-network to 35 branches, are located in the Gold Souk in Deira; Al Baraha area; and Al Barsha Mall.

Speaking at the inauguration of the three new branches, Abdulla Al Hamli, Chief Executive Officer of DIB, said: “We continue to move forward with our ambitious plans to expand DIB’s physical presence across the UAE. We have created a world-class infrastructure reinforcing DIB’s position as the UAE’s leading Islamic bank.”

Dr. Adnan Chilwan, Deputy CEO – Chief of Consumer & Wholesale Banking, said: “The Bank’s strategy of prudent growth in service delivery infrastructure continues to yield great results. We continuously evaluate the needs of our growing customer base, and opening branches in key commercial and residential areas is essential to providing accessibility and convenience. The latest additions to our already strong branch network are, therefore, in line with DIB’s successful strategy of putting the customer at the centre of all we do.”

Rashid Mahboob, Head of Mass Market – Consumer Banking, added: “Retail customers in the UAE today demand choice and convenience in how and when they access banking services. While we continue to enhance our fast, advanced and efficient alternative channels, we recognise the importance of traditional high street banking. Our three new branches will offer DIB’s full suite of innovative banking products and services.”