Emirates Investment Bank PJSC 2023 IR
The report highlights Emirates Investment Bank's financial and operational performance for the fiscal year 2023, during which it successfully converted its license to a Restricted License Bank and increased its share capital to AED 1 billion. The bank achieved a net profit of AED 107.5 million, a significant recovery from the net loss of AED 23.7 million in 2022, driven by expansion in net interest and investment income. In terms of sustainability, the bank aligned 37% of its investment book with ESG-scored entities and green bonds. Additionally, the bank advanced its Emiratisation efforts, with UAE nationals representing 18.5% of its total workforce by the end of 2023.
Company: Emirates Investment Bank PJSC
Sector: Financials
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 113
Emirates Investment Bank PJSC
Integrated Report
The report highlights Emirates Investment Bank's financial and operational performance for the fiscal year 2023, during which it successfully converted its license to a Restricted License Bank and increased its share capital to AED 1 billion. The bank achieved a net profit of AED 107.5 million, a significant recovery from the net loss of AED 23.7 million in 2022, driven by expansion in net interest and investment income. In terms of sustainability, the bank aligned 37% of its investment book with ESG-scored entities and green bonds. Additionally, the bank advanced its Emiratisation efforts, with UAE nationals representing 18.5% of its total workforce by the end of 2023.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 13, 2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Workplace Fatalities
Employees