Dubai Islamic Bank (DIB), the Gulf's third-largest Islamic lender by market value, said it plans to add 14 branches to its network in the UAE, taking the total to 53.

'The bank's strategy is to 'enhance the distribution channels across the country, and meet increasing customer demand for Islamic banking products and services,' said senior vice-president and head of branches and distribution network Mohammad Al-Ameery.

The bank operates 39 branches now.Reuters