Connect with us

Hi, what are you looking for?

News

DIB plans for stake in Indonesia lender

img_0019Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, is in talks with a publicly-listed Islamic bank in Indonesia to take a 40% stake, according to DIB’s chief executive Adnan Chilwan. He said DIB hoped to conclude a deal before the end of the year and that it would pay for the purchase using its own cash reserves. He did not name the target bank. DIB had posted a doubling in first-quarter net profit.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't miss our updates on your email

Subscribe to our Newsletter

PR Newswire