KARACHI - Dubai Islamic Bank Pakistan Limited (DIBPL) has achieved an impressive growth of 55 percent in its financings and a 42 percent increase in deposits for the 9 month period ending September 2008. DIBPL's financing portfolio stands at Rs. 17.5 Billion and customer deposits at Rs. 22.9b as at September 2008. Speaking at the formal launch of the Bank's 23rd state-of-the-art branch on Shaheed-e-Millat Road,Karachi, M A Mannan, Chief Executive Officer Dubai Islamic Bank Pakistan (DIBPL) said, "Since the commencement of its operations in Pakistan, DIBPL has consistently been capturing market share by providing world class products and services developed by some of the world's most renowned Shariah scholars. He further added, "Despite operating in a challenging environment, the bank continues to demonstrate the strength of its fundamentals and the soundness of its long-term strategy of expanding its operations and strengthening its revenue streams." With the opening of the Shaheed-e-Millat Road branch in Karachi, DIBPL's network now stands at 23 branches in 9 cities of Pakistan.