DIB to launch new strat­egy for growth op­por­tu­ni­ties

Pakistan Observer - - ECONOMY WATCH -

IS­LAM­ABAD—Dubai Is­lamic Bank (DIB) Pak­istan is set to cap­i­talise on growth op­por­tu­ni­ties in the coun­try by launch­ing its new strat­egy to strengthen its po­si­tion in fast grow­ing bank­ing sec­tor of Pak­istan. Dubai Is­lamic Bank’s group chief ex­ec­u­tive of­fi­cer Dr Adnan Chilwan, who re­cently vis­ited Pak­istan to out­line the group’s de­tailed growth strat­egy for the fran­chise in the coun­try, said Pak­istan is a strate­gic coun­try for DIB Group and its sub­sidiary here is an in­te­gral part of the group’s ever-ex­pand­ing global op­er­a­tions.

“Our con­sol­i­dated per­for­mance at the group level has been phe­nom­e­nal in past two years de­spite the chal­leng­ing global macro-eco­nomic land­scape and this is time to repli­cate the same suc­cess in Pak­istan,” Dr Chilwan said dur­ing an in­ter­view. Dr Chilwan, a lead­ing author­ity in the field of Is­lamic bank­ing and fi­nance, made his first- ever visit to Pak­istan in April to mark the first decade of suc­cess­ful op­er­a­tions of DIB Pak­istan.

He also launched new de­fined strat­egy that re­po­si­tions the bank’s medium-term plans along­side the trans­for­ma­tional growth the group has achieved as part of their 2014-16 strate­gic agenda. He also un­veiled the bank’s new iden­tity and brand­ing to re­in­force the alignment of DIB Pak­istan with the group’s over­all po­si­tion­ing. “Out­per­form­ing the mar­ket by three to four times con­sis­tently over the last eight quar­ters meant not just cap­i­tal­iz­ing on ex­ist­ing busi­ness but also cre­at­ing op­por­tu­ni­ties where none ex­isted. Whilst be­ing cog­nizant and aware of the busi­ness and geopo­lit­i­cal en­vi­ron­ment around us, we worked to­gether to cre­ate this plat­form, which now prom­ises sus­tained fu­ture per­for­mance as long as we keep our fo­cus and com­mit­ment in­tact,” Dr Chilwan said.—Agen­cies

IS­LAM­ABAD: Mian Umair Javaid COO ChenOne Stores with HE Thomas Drew Bri­tish High Com­mis­sionor dur­ing his visit to ChenOne Store.

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