Register | Forgot password?
Switch to Arabic
Friday, November 13 - 2009

Dubai Islamic Bank to install 97 ATMs by end of 2006

  • United Arab Emirates: Tuesday, June 06 - 2006 at 15:20
  • PRESS RELEASE

Dubai Islamic Bank (DIB), UAE's premier bank today announced that it has signed an agreement with NCR, the world leader in 'Self Service Solutions', to install 97 new ATMs.

Article continues below
  • Left to right
    Left to right
This is the largest single-deal till date wherein DIB has given the contract to install ATMs at DIB branches and prime locations across the UAE by end of 2006.

The deal is part of DIB's vision to strengthen all its delivery channels and offer world class services to its discerning customers seamlessly across the UAE. All the 97 ATMs are the latest and state of the art machines.

Wassim Saifi, Executive Vice President, Head of Retail and Business Banking - DIB, said:

"DIB strives to provide best-in-class services to all its customers through a multi-channel approach. The popularity of Automated Teller Machines (ATMs) is on a continuous rise and gauging the trend DIB has taken yet another pioneering decision to install a record 97 next-generation ATMs. This step reflects DIB's strategy to invest in technology and continuously upgrade its IT infrastructure to provide a more convenient, secure transition environment to our customers. These new ATMs come equipped with high level of security and standards compliance which include countermeasures to ATM fraud including support for EMV & Triple DES".


"Today our customers are able to pay credit card bills, utility bills, Etisalat online bill payments, 'Al Wasl' line recharge, charity payments, funds transfer & other services on our ATMs," Saifi Added.

Ahmed Qawasmeh Managing Director Gulf Region, NCR: "We proud to partner with DIB, one of the most reputed Islamic banks in the world. This is the continuation of a technology partnership to further provide best services at customer's convenience and in particular contributing to develop the banking sector in UAE."
Also consider reading:
Log in to request more information from Dubai Islamic Bank (DIB)

Notes and media contacts

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata® data warehouses and IT services provide Relationship Technology™ solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,300 people worldwide.

About DIB:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.

The bank's recent financial results confirm the strength of its balance sheet and profitability. The bank reported net profit for the year ending 31st December 2005 of AED1.061 billion rising by 130 per cent compared to AED461 million in 2004. The profit for the bank, including depositors' profits, reported a 97 per cent increase for the year ending December 2005 at AED2 billion compared to AED1.017 million for 2004.

The bank has been proactive in creating partnerships and alliances at local and international level. DIB has adapted an aggressive expansion strategy, which started with the establishment of DIB Pakistan Limited, a wholly owned subsidiary of DIB. The bank has also co-managed Pakistan's US$600 million first Sovereign Islamic bond issue that received a tremendous response from investors.

DIB opened its first representative office in Turkey to improve its access to that market. DIB has also acquired 60 per cent of its stake in Al Khartoum Bank and is also among the parents banks of Emirates and Sudan Bank (ESB). The steps taken mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan.

DIB has also shown its outstanding capabilities by being appointed to provide specialist financial solutions for huge developmental projects including the Dubai Ports, Customs & Free Zone Corporation (PCFC) $3.5 billion Sukuk, the world's largest, and Dubai's Department of Civil Aviation US$1 billion Islamic bond issue. The issue was arranged to raise funding for the second phase of the expansion of Dubai International Airport. The bank also managed financing of US$350 million for Nakheel. The financing made further capital available to build on Nakheel's blue chip portfolio of developments such as The Palm in Dubai.

For further information, please contact:
Tim Harrison / Bakul Gala / Tarek Fleihan
Mobile: 5097631 / 2459547 / 5198511
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions