Arab Today, arab today dunia finance firsthalf profit up 61
Last Updated : GMT 10:36:23
Arab Today, arab today
Arab Today, arab today

Dunia Finance first-half profit up 61 %

Arab Today, arab today

Arab Today, arab today Dunia Finance first-half profit up 61 %

Dubai - Arabstoday

Dubai-based Dunia Finance delivered record half-year net profit of Dhs29.1 million, up 61 per cent from a loss of Dhs0.4 million in H1 2011, and net revenues of Dhs131.1 million, up 44 per cent on H1 2011. H1 2012 were underpinned by broad-based top line revenue growth, underscoring Dunia Finance’s commitment to acquiring new customers and deepening customer relationships through its customer-centric strategy. Deposit balances were up 84 per cent to Dhs313 million and customer loans and receivables up by 45.2 per cent to Dhs662 million. Dunia Finance remains focused on enhancing its strong business fundamentals to ensure predictability and profitability of operations, which is critical for sustained growth ahead. Return on Equity grew to 19.2 per cent and operating leverage is at 42.5 per cent. The Balance Sheet has continued to strengthen. Dunia maintains prudent provisioning policies. The total stock of portfolio impairment provisions stood at a healthy four per cent of customer receivables, which provides for adequate loss absorption capacity in the event of any unexpected external stresses. Earnings The balance sheet also remains highly liquid, funded through an increasingly diversified and growing base of deposits and increased retained earnings through continuing operations. Dunia’s Capital Adequacy remains healthy at 37.5 per cent at the end of the first half of 2012, which is comfortably higher than regulatory requirements. Rajeev Kakar, Executive Director and Chief Executive Officer said: “Despite the continuing challenging global economic environment, Dunia Finance has performed strongly in the first half of 2012, posting record revenues and profit off the back of a record performance in 2011. We have strictly adhered to our strategy of remaining intensely customer-centric and this approach has resulted in our broad-based growth across a number of different segments.” He also said: “We have also focused heavily on rapidly growing our Balance Sheet, whilst remaining liquid and self-funded through deposits, without excessive dependence on wholesale funding sources. We remain confident in the sustainability of these profitable trends.” From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dunia finance firsthalf profit up 61 Arab Today, arab today dunia finance firsthalf profit up 61

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dunia finance firsthalf profit up 61 Arab Today, arab today dunia finance firsthalf profit up 61

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday