Dubai Islamic Bank Pakistan (DIBPL), a fully owned Pakistani subsidiary of Dubai Islamic Bank, has opened 10 new branches across the country, to strengthen its international operations and capitalize on business opportunities in Pakistan.

With the addition of 10 new branches, DIBPL has increased its network to a total of 35 branches across 15 major cities in Pakistan. The bank also announced its financial performance for the first nine months of 2009, posting a pre-tax profit of PKR280m.

MA Mannan, CEO of DIBPL, said: “I am grateful for the enormous support DIBPL has received from its customers and business partners. We are one of the few banks whose performance has been on an upward trend since 2008. DIBPL expects to post a profit on a full-year basis and will open an additional 30 new branches in 2010. At the same time, we are focused on innovation through our upcoming product offerings such as branchless banking and SMS banking.”