الرئيس التنفيذي للعمليات في بنك دبي التجاري لـ CNBC عربية: حصتنا السوقية من محفظة القروض بالإمارات تقترب من 5%

CNBCArabia

2 years ago

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00:00 >> And a number of MOUs today at the Wi-Fi Tech Summit

00:04 with CBD ranging from our partners from Dyna AI,

00:08 which specializes into conversation and generative AI.

00:12 And subsequently we have signed up an MOU

00:15 with the strategic partnership with QK,

00:18 which is a system reliability engineering firm.

00:20 In the afternoon we'll be looking forward

00:22 to announcing a couple of other,

00:24 some major announcements related to strategic partnerships

00:28 into infrastructure and cloud computing.

00:31 So very exciting day for us here at CBD

00:34 and at the Wi-Fi Tech Summit.

00:35 (speaking in foreign language)

00:40 >> So a bank is clearly looking at strategic partnerships,

00:52 which help us in achieving better customer experience

00:56 for our clients.

00:57 And today there's no bank in the world

01:00 which operates on non-physical reach out.

01:03 Our clients are interacting with us

01:06 through the digital channels.

01:07 Technology is an inevitable part of it.

01:10 And then the latest technologies and emerging technologies

01:13 such as Internet of Things, AI, blockchain,

01:17 these are the areas which we are exploring

01:19 with different techs,

01:21 which can help us eventually

01:22 to deliver a better customer experience.

01:25 And in turn, essentially make it competitive

01:28 into the market, our position,

01:30 because ultimately banking is about

01:32 a higher quality service delivery.

01:34 It's very difficult to differentiate only on product.

01:37 It's the service delivery which is the key driver

01:41 in banking these days.

01:42 (speaking in foreign language)

01:54 So a significant portion of our investment

01:56 goes into technology.

01:57 We have been expanding for the last three years

01:59 in this space.

02:01 If you will see, there are two or three large use cases.

02:05 We have a very, very successful

02:07 digital supply chain financing system

02:09 with the FinTech which we entered two years back.

02:12 And essentially that has now resulted

02:13 into over one billion dirham

02:16 of supply chain financing loans

02:18 to the small and medium enterprises in UAE,

02:21 which is the backbone of the financing

02:24 and the driver of the economy.

02:27 (speaking in foreign language)

02:30 You must have all seen the financial results.

02:43 It's been a stellar results.

02:45 We see growth across all sectors.

02:48 Bank is in an incredible position

02:50 from a strength perspective.

02:52 We see loans growth, deposit growth.

02:54 So we have the trust of our customers.

02:56 The economy is into a absolute growth mode

03:00 and CBD is there to back the ambitions

03:02 of Dubai and wider UAE business sector.

03:06 So we see a positive growth over 20%

03:10 into the net profit, double digit growth.

03:12 PBT was over 30%.

03:14 Stellar results, market leading actually

03:16 in the top quartile as well.

03:18 (speaking in foreign language)

03:22 I think the tax regime is the same for everyone.

03:28 It is a duty to be paid to the state back.

03:33 And I think all the banks are,

03:35 all the corporates are into the same space.

03:38 It's a positive development for the development

03:41 of the wider financial system

03:43 and ecosystem for the UAE and the region as well.

03:47 So we are there to support the government

03:50 in making that task on behalf of them easier

03:53 and facilitate the process.

03:55 (speaking in foreign language)

04:00 So we have given the guidance,

04:05 our CFO and investor relations have the guidance to it.

04:08 We will stay into the same guidance.

04:11 So we do not see any change in that guidance at this stage.

04:14 The results will be looking strong

04:16 and will be a repeat of the quarter one.

04:18 And we are quite hopeful for the rest of the year,

04:20 we'll also gonna show a successful growth.

04:23 (speaking in foreign language)

04:27 Yeah, that will be a market leading question

04:36 at this point in time.

04:37 I think that will be known only in the quarter four

04:40 when we close towards the year end.

04:43 Market share is growing significantly.

04:44 If you see our loans and advances,

04:46 we are now growing at a fast pace.

04:49 In our retail franchise, the mortgages and credit cards

04:52 are clearly originating into the top quartile.

04:55 If you see, we are now close to 5%

04:57 in the loans market share as well,

04:58 which has grown over the years successfully.

05:01 Market share is a key parameter for us in terms of growth,

05:04 and we will see a growth beating the market

05:07 in that sense this year as well.

الرئيس التنفيذي للعمليات في بنك دبي التجاري لـ CNBC عربية: حصتنا السوقية من محفظة القروض بالإمارات تقترب من 5%

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