UAE Equity Research - Dubai Islamic Bank (DIB) 3Q24 - Earnings Call Insight
Net funded income declined by 3.9% YOY to AED 2,144 Mn, primarily due to increased funded expenses. NIMs declined 30 bps YOY to 2.8%, owing to higher cost of funds. Non-funded income grew 19.8% YOY to AED 883 Mn in 3Q24, attributed to higher income from investment property, increase in share of associates profit and higher income from property under construction.
