Invest Bank PSC 2024 IR
The report highlights Invest Bank's financial and operational progress in 2024 following its capital restructuring. The Bank delivered a commendable financial performance with interest income rising 8.1% to AED 489 million and operating income increasing 5.6% to AED 251 million. Key sustainability achievements included extending AED 240 million in sustainable financing to green industries, transitioning to energy-efficient LED lighting, and increasing its Emiratisation rate to 26.01%. Additionally, the Bank successfully implemented the Temenos Core Banking System in a cloud-hosted SaaS model to advance its digital transformation.
Company: Invest Bank PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: IR
Pages: 78
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Invest Bank PSC
Integrated Report
The report highlights Invest Bank's financial and operational progress in 2024 following its capital restructuring. The Bank delivered a commendable financial performance with interest income rising 8.1% to AED 489 million and operating income increasing 5.6% to AED 251 million. Key sustainability achievements included extending AED 240 million in sustainable financing to green industries, transitioning to energy-efficient LED lighting, and increasing its Emiratisation rate to 26.01%. Additionally, the Bank successfully implemented the Temenos Core Banking System in a cloud-hosted SaaS model to advance its digital transformation.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees