Invest Bank PSC 2023 IR
The report highlights Invest Bank P.S.C.'s financial and operational performance for the year 2023, during which the bank successfully completed a capital restructuring plan, increasing its paid-up share capital by AED 2.6 billion and raising its capital adequacy ratio to 38.6%. The bank grew its operating income by over 400% to AED 238 million and transitioned its digital and core banking operations to the Temenos Banking Cloud under a full SaaS model. On the sustainability front, the bank signed the UN Women's Empowerment Principles, achieved a 23.08% Emiratization rate, and engaged in community initiatives such as distributing 18,000 meals during Ramadan in partnership with Sharjah Municipality.
Company: Invest Bank PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 134
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Invest Bank PSC
Integrated Report
The report highlights Invest Bank P.S.C.'s financial and operational performance for the year 2023, during which the bank successfully completed a capital restructuring plan, increasing its paid-up share capital by AED 2.6 billion and raising its capital adequacy ratio to 38.6%. The bank grew its operating income by over 400% to AED 238 million and transitioned its digital and core banking operations to the Temenos Banking Cloud under a full SaaS model. On the sustainability front, the bank signed the UN Women's Empowerment Principles, achieved a 23.08% Emiratization rate, and engaged in community initiatives such as distributing 18,000 meals during Ramadan in partnership with Sharjah Municipality.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees