بنك الإمارات دبي الوطني يضاعف قيمة التوزيعات إلى 120 فلساً عن عام 2023
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00:00 We stop with you our viewers with the results that exceeded expectations of the largest
00:05 banks in the UAE, the Dubai National Bank Group, which achieved a jump in profits and
00:13 therefore behind this jump, it also announced its increase in the distribution of cash
00:19 to contributors.
00:20 We will go through the profits of the group and how it was able to better meet the reduction
00:26 of the specializations and also how the situation of the depository of loans and deposits is.
00:32 For the start of the financial situation of the company, I will of course only mention
00:38 the profits achieved by the group, which is what made the very big difference.
00:44 We had a high net profit in 2023 with a 65% difference, which reaches 21.5 billion
00:54 Dirhams compared to expectations.
00:56 It was at 21.8 billion, which is less than expectations, but compared to the previous
01:03 year, it was at 13 billion Dirhams.
01:05 Therefore, it is less than expectations, but it is much better than the previous year.
01:10 The specializations, which is a very important bond, raise and enhance the financial efficiency
01:15 of the bank and the group and also restore the bond of profits or some of the merits
01:20 to the bond of profits.
01:22 We noticed that there is a 3% change in the specializations, compared to 5.2 billion
01:28 Dirhams in 2022, which is 3.4 billion Dirhams in this year.
01:35 The net profit and the deposit that the group benefited from, especially the Islamic deposit,
01:42 we know well the increase in the interest rates, and if the net profit was strong, and
01:47 it goes back to the reserve of loans, the change rate was 30% additional to the bank's
01:52 profits, and therefore, the profits were increased.
01:55 We have a net profit of only one, which rose from 23.2 billion to 30.1 billion in 2023.
02:04 Let's go to the wills and how they were distributed.
02:07 The wills were distributed according to the sectors as follows.
02:10 Individuals took a 38% share.
02:13 The bank's investments in Fira'i, in Denizbank in Turkey, 26%; the companies,
02:19 18%; and the investments in the global markets, approximately 9%; the growth of the wills
02:26 was clear, with a change of 32% to 43 billion Dirhams, and therefore, we are talking about
02:34 the percentage of individuals who formed the largest percentage of the wills of the group.
02:40 Let's now move on from our discussion about profits and net profit, and also the wills,
02:46 to the financial center of the UAE Bank, the National Bank.
02:51 The assets rose by 16%, and reached 863 billion Dirhams in 2023, and some of the banks
03:00 in the region are still the highest in their value.
03:03 Let's not forget that the Abu Dhabi Bank is the highest in its value in the UAE markets,
03:08 but the UAE, the national Dubai, is the highest in its value in the Dubai market.
03:14 The wills grew by 16%, with a disappointing percentage of the wills' profits, and the
03:21 wills grew despite the high interest rates, by 5%, and reached 481 billion Dirhams, and
03:28 the wills are still higher than the loans we have for the bank.
03:32 But the interest rates, the interest rates are 4.6%, and the bank has the ability to cover
03:39 163%, and it is at the lowest level since 2009, which is a contrast to the group's profits.
03:49 The wills were of course in cash distributions, which are the highest in its history.
03:57 The distribution value requested by the board reaches 120 Fils for the wills, compared
04:04 to 60 Fils, which is double the total distribution value in the year, which reaches 7.6 billion
04:11 Dirhams.
04:12 We need, of course, after the recommendation, the approval of the general assembly, which
04:17 is scheduled for February 21 of this year, to approve the distribution.
04:21 The current distribution return, compared to the returns of other financial products, such
04:27 as deposits, and perhaps other investments, we find 6.3% and the average returns are good
04:34 during 2023, which pulled the pieces of the return on investment, especially on some
04:40 of the other financial assets or assets.
04:43 So this was, in general, the most important thing that came in the financial data and
04:48 for the largest bank in the Dubai financial market.