Saudi Credit & Savings Bank 2012 - Bank Islam · PDF fileDubai Financial Group is the...

SPECIAL BRIEFING TOSPECIAL BRIEFING TO

Hizamuddin JamalluddinGeneral Manager, Strategic Planning &

Managing Director’s Office25 September 2012

PRESENTATION OUTLINE

Strategic Planning, Managing Director’s Office


ABOUT BANK ISLAM

TO DATE


Malaysia’s Pioneer Islamic Bank – 1983

3rd largest Islamic bank in Malaysia

Total Assets of about RM32 billion

Total customer base of about 5 mil.

Best Islamic Bank in Malaysia 2011 – IFN Award

Rated A1/P1 with stable outlook by Rating Agency Malaysia

Rated 4th Strongest Bank in Malaysia by The Asian Banker (Part of Financial Times Group)

Ranked 53rd – Asia Pacific 500 Strongest Bank by The Asian Banker

Ranked 24th Largest Islamic Financial Institutions in the world by The Banker

A UNIVERSAL LICENSE


CORPORATE STRUCTURE


OUR SHAREHOLDERS

Lembaga Tabung Haji (18.5%)

Lembaga Tabung Haji (Pilgrim Fund Board) (TH) is a government controlled entity that was established mainly to assist Muslims in saving gradually for the purpose of pilgrimage. TH manages a fund size exceeding RM16 bil and invests in more than RM6 bil worth of shares on Bursa Malaysia. Currently, TH controls at least 7 listed companies in Bursa Malaysia that are involved in banking, Takaful, palm oil plantation, property development, construction, oil and gas and IT services. TH is highly determined to make each business and investment venture a roaring success at home and abroad. It has also made an impressive mark in its asset management as well as in facilitating various Islamic investment instruments such as sukuk/bonds, corporate notes, Government Investment Certificates, Mudharabah Bank Account and Bill of Acceptance.

BIMB Holdings Bhd (51%)

BIMB Holdings was incorporated in Malaysia on 20 March 1997 and was listed on the Main Board of Kuala Lumpur Stock Exchange (now Bursa Malaysia) on 16 September in the same year. The core subsidiaries of BIMB Holdings are leaders and pioneers of various Islamic financial services in the region, namely Bank Islam Malaysia Berhad, Syarikat Takaful Malaysia Berhad, ASEAN Retakaful International (L) and BIMB Securities Sdn Bhd.

Dubai Financial Group LLC(30.5%)

Dubai Financial Group is the financial holding company of Dubai Group, focusing on identifying opportunities across the banking,foreign exchange, brokerage and asset management areas. It currently covers three regions – South East Europe and the Balkans, the Middle East and North Africa (MENA) region and Asia. Its portfolio currently includes the following companies, in which it has significant stakes: 19% stake at Marfin Popular Bank in Greece; 16% stake in Marfin Investment Group; 12% stake in Global Investment House, one of the major investment companies in the Gulf region; 25% EFG‐Hermes, one of the top investment banks in the MENA region; 15% stake in Bank Muscat, Oman’s largest retail and corporate bank; 10% in Sun Hung Kai Financial, Hong Kong and Bourse Dubai, the holding company of Dubai Financial Market and Dubai International Financial Exchange


VISION STATEMENT


““To be a Global Leader in Islamic To be a Global Leader in Islamic BankingBanking””

““Global LeaderGlobal Leader”” is defined as being the ultimate guidance and source of is defined as being the ultimate guidance and source of reference for innovative Shariahreference for innovative Shariah‐‐based products & servicesbased products & services

MISSION STATEMENT

To continually develop and innovate universally accepted financial solutions in line with Shariah principles

To provide a reasonable and sustainable return to shareholders

To provide a conducive working environment and to become an Employer of Choice for top talents in the market

To deliver comprehensive financial solutions of global standards using state‐of‐the‐art technology

To be a responsible and prudent corporate citizen

In carrying out this corporate mission, Bank Islam shall be guided by its corporate brand values of being: A Leader, Dynamic, Professional, Caring and Trustworthy


CORPORATE VALUES

LEADERLEADEROur Islamic products are the benchmark. Reputed as the pioneer in Islamic banking. Built the Islamic banking

industry in Malaysia

DYNAMICDYNAMICProgressive and innovative ‐ constantly moving ahead, technologically advanced, with new products & services

PROFESSIONALPROFESSIONALFast, efficient and responsive service. Knowledgeable and equipped staff to handle global business challenges

CARINGCARINGA supportive partner who is approachable, ever ready to provide solutions to your financial problems

TRUSTWORTHYTRUSTWORTHY100% Shariah‐based products, services and principles


GOVERNANCE STRUCTURE


BOARD OF DIRECTORS


SHARIAH GOVERNANCE FRAMEWORK


SHARIAH SUPERVISORY COUNCIL (SSC)

SHARIAH REVIEW COMMITTEE

SHARIAH DIVISIONPRODUCT DEVELOPMENT DEPT SHARIAH AUDIT DEPT

Notes:• Chairman of Board Risk Committee and Chairman of Audit & Examination Committee are permanent invitees to SSC

• Chairman of SSC and a member of SSC are permanent invitees to Board Risk Committee

• Head of Shariah is a member of Management Executive Committees

SHARIAH SUPERVISORY COUNCIL

Originating Department

SHARIAH SUPERVISORY COUNCIL…cont


ORGANIZATION CHART


SENIOR MANAGEMENT


STRATEGIC MANDATES


STRATEGIC MANDATES… cont


BRANCH NETWORKS


…currently, 125 branches…150 branches by 2015… another 9 new branches by end of 2012 ( Sibu, Bandar Kinrara, etc)

SELF SERVICE TERMINALS (“SSTs”)


…another 73 units of SST by Dec 2012… focusing on shopping centers and new branches

CONSUMER BANKING CENTRE (“CBC”)


…currently, 10 CBCs… another 4 new CBCs by end of 2012 (2 in Sarawak, 1 in Sabah and 1 in Kelantan)… as part of the “Spoke & Hub” business model

Kelantan (2)

Terengganu (1)

Penang (1)

Perak (1)

Selangor (2)

Negeri Sembilan (1)

Melaka (1)

Johor (1)

BUREAU DE CHANGE (“BDC”)


…currently, 4 BDCs… another 2 new BDCs (Penang International Airport & Kuching International Airport)

Kota Kinabalu International Airport

Contact Pier, Kuala Lumpur International Airport

KLIA - LCCT

Penang International Airport*

Kuching International Airport*

Bukit Bintang BDC

AR RAHNU OUTLETS

Kota Bharu Outlet

Pasir Puteh Outlet

Pasir Mas Outlet

Tanah Merah Outlet

…another 3 by Dec @ 2012 (Kuantan, Kuala Trengganu & Kubang Kerian)



MARKET SHARE &INDUSTRY BENCHMARKING

GLOBAL ISLAMIC BANKING LANDSCAPE

Bahrain

Dubai Malaysia

Saudi Arabia

London

Singapore

Hong Kong

Tokyo

Australia

California

Sudan

Pakistan

France

… rapid expansion is reflected in about 500 Islamic financial institutions operating in more than 75 countries in centres that are beyond Muslim jurisdiction. Total assets > USD1trillion

Indonesia

Australia

Islamic co‐operative finance & mortgage established

Consider to establish Islamic bank

Hong Kong

Aims to become an Islamic finance hub

Hang Seng Islamic China Index Fund in 2007

Shariah Advisory Council formed

UK

Govt sets an objective to ‘entrench London as a global gateway for Islamic Finance

5 FSA‐approved Islamic banks and 2 Takaful operators

Dubai, UAE

Fast emerging as financial centre through DIFC aggressive promotion efforts

Japan

New law allowing banks to offer Islamic finance

France

Passed rules/regulations to support Islamic finance activities

Considering licensing first Islamic bank

Singapore

Established first Islamic bank

Introduced tax neutrality for Islamic finance

Aspiring to be centre for Islamic finance

Issued sukuk


OUR BANKING JOURNEY


•Islamic Banking Act 1983•Takaful Act 1984•Government Funding Act 1983•1st Islamic bank•1st takaful company

1983 1993 2001 2010 & beyond

• Islamic windows• 2nd Islamic bank• 2nd takaful company• Islamic money market• Shariah Advisory Council

at BNM

Advanced stage Visioning,

comprehensive & international integration

• Financial Sector Masterplan (FSMP): 10‐year roadmap

• Foreign Islamic banks• Islamic subsidiaries• New takaful & retakaful licences• Tax neutrality policy• IBFIM, SIDC, INCEIF & ISRA establised

• Central Bank of Malaysia Act 2009• Malaysia International Islamic Financial Centre (MIFC)

Intermediate stage Institutional building, stimulate competition, activity generation & market vibrancy

Inception stage Instituting foundations of Islamic finance & financial inclusion

Increase number of players, develop financial markets & enhance Shariah governance

Building foundation of legal, regulatory & Shariah framework

Market liberalisation, upgrading infrastructures, strengthen overall Islamic finance landscape

DIVERSITY OF PLAYERS : MALAYSIA’S ISLAMIC BANKING LANDSCAPE


STAND-ALONESUBSIDIARIES OF CONVENTIONAL BANKSISLAMIC WINDOWS & DFIsINTERNATIONAL ISLAMIC BANKS

16 commercial Islamic Banks, 6 FB windows, 6 DFIs & 4 IIBs.

MALAYSIA - ISLAMIC FINANCIAL SYSTEM AS AT DEC 2011


Assets 22.4% of total banking systemTotal IB asset : RM434.9 bil

FinancingMarket share – 24.3%Total financings: RM268.3 bil

DepositsMarket share – 24.4%Total deposits : RM340.2 bil

…expected to grow to account for 25% in 2012

GLOBAL SUKUK MARKET SHARE AS AT END OF DEC 2011


About 60% of the global outstanding

Sukuk or US$108 bil were originated from

Malaysia

Total global outstanding Sukuk was worth about US$180 bil

… continues to be the world largest Sukuk market

BANK - KEY FINANCIAL INDICATORSActual

30 June 2012Audited

FYE Dec 11**

IslamicBanking System

Banking System

PROFITABILITY

Return on equity (%) – based on PBT 19.0% ^ 18.5% 13.7% * 17.4% *

Return on equity (%) – based on PAT 13.6% ^ 14.1% N/A N/A

Return on assets (%) – based on PBT 1.7% ^ 1.6% 1.0% * 1.6% *

Return on assets (%) – based on PAT 1.2% ^ 1.2% N/A N/A

Cost Income Ratio (%) 53.8% 53.8% 45.0% * 46.0% *

Non-Fund Based Income Ratio (%) 13.2% 13.8% 9.4% * 20.4% *

ASSET QUALITY

Gross Impaired Financing Ratio (%) 2.0% 2.6% 2.4% # 2.4 % #

Net Impaired Financing Ratio - Less IA & CA (%) -0.5% -0.2% -0.1% # 0.2% #

Financing Loss Coverage Ratio (%) 126.0% 106.2% 105.9% # 93.2% #

EFFICIENCY

Financing to Deposits (%) 58.6% 51.5% 78.1% # 78.2% #

CAPITALISATION

RWCR (%) – before proposed dividend 15.7% 16.9% 14.0% # 14.6% #

RWCR (%) – after proposed dividend 15.5% 16.6% N/A N/A

^ Annualised* Bank Negara Malaysia Annual Report 2011# Bank Negara Malaysia Monthly Statistical Bulletin @ May 2012** Restated arising from adoption of MFRS


PROFITABILITY RATIOS JUNE 2012 - COMPETITORSIslamic Banking Banking Group

2.0% 3.0% 2.0% 1.0% 0.0%

1.81%

1.71%

1.49%

1.47%

1.38%

1.28%

1.20%

1.11%

1.09%

0.86%

0.80%

0.09%

1.94%

1.71%

1.66%

2.30%

1.68%

1.28%

1.39%

1.37%

1.56%

0.86%

1.65%

0.09%

Public Islamic Bank

Bank Islam

MaybankIslamic

AmIslamicBank

Bank Muamalat

Hong LeongIslamic Bank

AllianceIslamic Bank

AffinIslamic Bank

CIMB Islamic Bank

KuwaitFinance House

RHBIslamic Bank

Al-RajhiBank

Total Assets RM Billion

6.1

24.7

9.5

45.3

10.7

21.9

18.1

6.8

26.2

83.6

33.8

29.8

6.1

150.5

9.5

246.7

50.3

157.8

18.1

40.0

109.3

492.3

33.8

263.3

*Combination of AmBank Group & AmIslamic Bank

Total Assets RM Billion

Public Bank Group

Bank Islam

MaybankGroup

AmBankGroup*

Bank Muamalat

Hong LeongBank Group

AllianceBank Group

AffinBank Group

CIMB Bank Group

KuwaitFinance House

RHBBank Group

Al-RajhiBank

1.5%1.0%0.5%0.0%

Return on Assets


PROFIT BEFORE ZAKAT & TAX

‐

300

600

June 09 Dec 10 * Dec 11 June 12

233.1

503.4 493.0

281.5

RM M

illion

* 18 months Financial Period Ended Dec 2010

Profit before Zakat and Tax for 12 months to Dec 2010

= RM 342.5 mil

…1stH 2012 : RM281.5 mil


BANK - INCOME STATEMENT

6 months ended Variance

RM million 30 June 2012 30 June 2011* Amount %

Total income 915.9 806.4 109.5 13.6%

Profit to depositors (271.8) (239.5) (32.3) -13.5%

Net income 644.1 566.9 77.2 13.6%

Total overheads (346.5) (309.0) (37.5) -12.1%

Profit before allowance for impairment 297.6 257.9 39.7 15.4%

Allowance for impairment on financing and advances (17.9) 8.2 (26.1) -316.3%

Write-back of allowance for impairment on investments 0.4 1.4 (1.0) -72.3%

Reversal on allowance for impairment on other assets 1.4 - 1.4 -

Provision for contingent liability - (15.2) 15.2 -

Profit before zakat and tax 281.5 252.3 29.2 11.5%

Zakat (3.3) (1.8) (1.5) -83.3%

Tax (76.3) (63.2) (13.1) -20.7%

Profit for the period 201.9 187.3 14.6 7.8%

* Restated arising from change in accounting policy on the determination of collective assessment allowance under MFRS 139


NET INCOME SPREAD - COMPETITORS

5.07%4.22%

4.88% 4.61% 4.98%4.74%

1.85%

2.18% 2.52% 2.32%3.28%

2.75%3.23%

2.04%2.36% 2.30% 1.70% 1.99%

0%

2%

4%

6%

Bank Islam Maybank Group Public Bank Group CIMB Bank Group Affin Bank Group RHB Bank Group

As at 30 June 2012

Average assets rate Average liabilities rate Net income spread

4.75% 4.43% 4.78% 4.69% 4.84% 4.80%3.94%

5.66%

1.70%

2.24% 2.40%

2.22%

2.97%2.61% 2.62% 2.91%3.05%

2.19% 2.38%

2.47%

1.88% 2.19%

1.31%

2.75%

0%

2%

4%

6%

Bank Islam Maybank Group

Public Bank

Group

CIMB Bank Group

Affin Bank Group

RHB Bank Group

KFH Al Rajhi Bank

As at 31 December 2011

5.22%

4.22%4.86% 4.61% 4.87% 4.71%

4.22%5.20%

1.90%

2.22% 2.52% 2.50%3.25%

2.75% 2.85% 2.97%3.32%

2.00%2.34% 2.11%

1.62% 1.96%1.37%

2.23%

0%

2%

4%

6%

Bank Islam Maybank Group

Public Bank

Group

CIMB Bank Group

Affin Bank Group

RHB Bank Group

KFH Al Rajhi Bank

As at 31 March 2012


COST INCOME RATIO 2011 - COMPETITORS

76.54

79.40

70.67

78.22

66.9865.48

65

70

75

80

Kuwait Finance

House (11)

Asian Finance Bank (2)

Bank Muamalat

(58)

Al Rajhi Bank (23)

Royal Bank of Scotland

(2)

Sumitomo Mitsui

Banking Corp (1)

% Band 65% - 80 %

53.79

51.13

61.86

50.36 50.5550

55

60

65

Bank Islam (122)

CIMB Bank Group (321)

Deutsche Bank (2)

Maybank Group (392)

Bangkok Bank (5)

% Band 50% - 64 %

41.15

45.98

43.24

46.15 46.17 46.1347.03

40

42

44

46

48

RHB Bank Group (187)

Affin Bank Group (90)

HSBC Bank Group (48)

Standard Chartered

Bank Group (40)

Alliance Bank Group (90)

Hong Leong Bank Group (329)

Citibank (11)

% Band 40% - 49%

29.81

39.77 37.39 37.10

19.88

18

22

26

30

34

38

42

Public Bank Group (252)

OCBC Bank Group (34)

AmBank Group (190)

United Overseas Bank (45)

Bank of Nova Scotia (6)

% Band 18% - 39%


ROBUST FINANCING GROWTHY-o-Y ↑ RM3.6b Growth

+ 28.0%

Growth+ 15.9%


TOTAL ASSETS : MARKET SHARE AS AT JUNE 2012


23.5% 14.0% 9.3% 8.2% 7.2%

RM85.1bil RM33.8bilRM50.6bil RM29.8bil

Islamic Banking Assets – RM362.7 bil

RM26.2bil

NET FINANCING : MARKET SHARE AS AT JUNE 2012


25.6% 14.9% 9.1% 8.5% 7.6%


Islamic Banking Net Financing – RM215.0 bill

RM16.4b

CUSTOMERS' DEPOSITS : MARKET SHARE AS AT JUNE 2012


22.7% 11.0% 10.3% 8.3% 7.0%


Islamic Banking Deposits – RM278.9 bil

RM19.4bil

CASA : MARKET SHARE AS AT JUNE 2012


27.7% 16.4% 10.2% 9.6% 6.7%


Islamic Banking CASA Deposits – RM72.9bil

RM4.9bil

STRENGTHS & COMPETITIVE ADVANTAGES


OPPORTUNITIES


KEY DEVELOPMENTS & CHALLENGES


“BUILDING STRENGTHS TO STRENGTHS”


AWARDS & ACCREDITIONS 2011


BLOOMBERG CAPITAL MARKET RATING

Category Rank2011 2010

ASEAN Domestic Bonds 14 46Malaysia Domestic Bonds 6 17Malaysia Ringgit Domestic Bonds 6 12Malaysia Domestic Equity Offerings (IPOs) 14Malaysia Domestic Equity Offerings 16Malaysia Equity & Rights Offerings 16


CAPITAL MARKET - SUKUK


RM1.0 billionIstisna’

Projek Usahasama Transit Aliran RinganJoint Arranger & Shariah Advisor

RM2.2 billionBaIDS

KL International Airport BerhadSole Lead Arranger

RM1.5 billionAl-Ijarah Muntahiyah Bit-Tamlik

Kumpulan Guthrie BerhadStructuring & Shariah Advisor

USD150.0 millionSukuk Al Ijarah

First Global Sukuk IncSole Lead Arranger

USD600.0 millionSukuk Al Ijarah

Malaysia Global Sukuk IncCo-Arranger

RM1.28 billionBaIDS

SAJ Holdings Sdn BhdJoint Lead Arranger/Lead Manager & Shariah Advisor

RM752.2 millionMudharabah Sukuk

Manfaat Tetap Sdn BhdShariah Advisor

RM200.0 million BBA CPs RM3.0 billion BBA MTNs

Syarikat Bekalan Air Selangor Sdn BhdJoint Lead Arranger & Shariah Advisor

RM1.5 billion Islamic Medium Term Notes Programme

Malaysia Debt Ventures BerhadJoint Lead Manager

RM200.0 million Bai’ Murabahah Medium Term Notes Programme

TH Plantations BerhadJoint Lead Arranger & Shariah Advisor

RECENT NOTABLE TRANSACTIONS


RM4.0 billionIjarah Medium Term Notes Programme

Syarikat Prasarana Negara BerhadCo-Manager

RM500.0 millionBank Guaranteed Sukuk Ijarah

Aras Sejagat Sdn BhdJoint Lead Arranger &Joint Lead Manager

RM4.0 billionSukuk Musyarakah

Plus SPV BerhadJoint Book Runner

RM327.0 millionSyndicated Islamic Financing Facility

Prolintas Expressway Sdn BhdLead Arranger

RM330.0 millionSyndicated Islamic Financing Facility

Kedah Sato Sdn BhdLead Arranger

USD150.0 million*Syndicated Islamic Financing Facility

Qatar Airways Q.C.S.CArranger

* Ijarah Deal of the Year 2009 – Islamic Finance News* Qatar Deal of the Year 2009 – Islamic Finance News* Best Islamic Structured Financing – The Asset Triple A Islamic Finance Awards 2010

RM10.0 billionIslamic Medium Term Notes Programme

Aman Sukuk BerhadJoint Lead Manager &Shariah Adviser

RM800.0.0 millionSyndicated Islamic Financing Facilities

Aura Bayu Sdn BhdSenior Manager

RM667.5 millionSyndicated Project Financing Facilities

Ranhill Powertron II Sdn BhdSenior Manager

RM5.0 billion**Islamic Securities Programme

Manjung Island Energy BerhadJoint Principal Adviser/ Lead Arranger/ Lead Manager/ Shariah Adviser

** Ijarah Deal of the Year 2011 – Islamic Finance News** Asia Pacific Bond Deal of the Year – Project Finance

International** RAM Blueprint Award 2011

CORPORATE FINANCE


Y.S.P. Southeast Asia Holding Berhad

Renounceable Two-Call Rights Issue of 27.7 million ordinary

shares of RM1.00 each in YSPSAH at an issue price of

RM1.00 per rights share

Main Adviser

ES Ceramics Technology

Berhad

Exemption from the obligation to undertake

mandatory take-over offer arising from a rights issue

Independent Adviser

Akarmas Sdn Bhd

Conditional Mandatory Take-over Offer by

Akarmas Sdn Bhd to acquire all the

remaining ordinary shares of RM1.00 each

in PK Resources Berhad for a cash consideration of RM0.60 per share

Main Adviser

Listing of APFT Berhad on the Main Market

of Bursa Malaysia Securities Berhad

Main Adviser

APFT Berhad

Listing of Focus Lumber Berhad

on the Main Market of Bursa

Malaysia Securities Berhad

Main Adviser

Focus Lumber Berhad

Astral Asia Berhad

Joint venture between related parties to jointly

develop a piece of leasehold land into mixed

property development

Independent Adviser

Acquisition of the entire equity interest in Asian Corporation

Limited for a total cash consideration of RM11 million

Main Adviser

Listing of PESTECH International

Berhad on the Main Market

of Bursa Malaysia Securities Berhad

Main Adviser

TH Plantations Berhad•Acquisitions of Syarikat Sabaco Sdn Bhd and Ladang Bukit Belian Sdn Bhd from TH Ladang (Sabah & Sarawak) Sdn Bhd for a total purchase consideration of RM199 million

•Bonus Issue•Employees’ Share Option Scheme

Main Adviser

Exemption from the obligation to undertake

Mandatory Take-over Offer arising from the acquisition of Syarikat Sabaco Sdn Bhd from TH Ladang (Sabah &

Sarawak) Sdn Bhd

Main Adviser

Lembaga Tabung Haji


STRATEGIC PLAN

CORPORATE MASTER PLAN/BLUE PRINT


OCT 2006 – JUNE 2009 JULY 2009 – DEC 2012

…in our pursuit to be a “Global Leader in Islamic Banking”

JAN 2013 – DEC 2015

SUSTAINABLE GROWTH PLAN – ENDING BY DEC 2012



Robust Organic Growth

Service Excellence

Shariah‐led Innovation

Resource Optimization

Employer of Choice

Regionalization

والسالم والسالم شكرا جزيال شكرا جزيال

Disclaimer: This presentation material has been prepared by Bank Islam Malaysia Berhad (the Bank”) for information purposes only and does not purport to contain all the information that may be required to evaluate the Bank or its financial position. No representation or warranty, express r implied, is given by or on behalf of the Bank as to the accuracy of the information or opinions contained in this presentation. The presentation does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities , nor should it or any part of it form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. The Bank does not accept any liability whatsoever for any loss howsoever arising from any use of this presentation or their contents or otherwise arising in connection therewith.

BANK ISLAM MALAYSIA BERHADExecutive Suite, Menara Bank Islam22, Jalan Perak50450 Kuala LumpurTel: 603 2088 8222

www.bankislam.com.my

Hizamuddin JamalluddinGeneral Manager, Strategic PlanningManaging Director’s OfficeContact: 603 2088 8077Email: [email protected]

Haryati YahyaSpecial Assistant to the Managing DirectorManaging Director’s OfficeContact: 603 2088 8073Email: [email protected]

Saudi Credit & Savings Bank 2012 - Bank Islam · PDF fileDubai Financial Group is the...

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Transcript of Saudi Credit & Savings Bank 2012 - Bank Islam · PDF fileDubai Financial Group is the...