No meaningful new information on the call as management reiterated its 2016 guidance and did not provide any color on 2017. Below are the key takeaways:   NIMs to improve in 4Q16: DIB is eyeing an improvement in NIM’s in 4Q16 as it expects its loan book to re-price upwards to reflect the increase in cost of funds. While DIB’s liabilities tend to re-price immediately, its assets tend to re-price with a lag of six to nine months.   Funding outlook: Management said that it is comfortable with a loan-to-deposit ratio of 90-95% (KDR has climbed to 91% from 84% a year ago). DIB said that deposit mobilization would not be a challenge for them despite a tough liquidity environment. Within the consumer segment DIB continues to focus on growing payroll accounts, while in the corporate segment DIB is concentrating on growing operational accounts. DIB’s CASA mix was at 39% as of 2016, and its deposit base was evenly split between corporate and retail segments.   Credit quality and provisioning outlook: Provisioning was driven mainly by collective provisions. DIB has 1.0-1.5% of restructured loans that are currently doing well but are still classified as NPLs. These restructured loans will be gradually moved to performing status as management becomes more comfortable with these accounts. Management believes that IFRS 9 would not have an impact on its provisioning.   Corporate loan growth drivers: DIB is financing infrastructure projects in the UAE which are strategic to the government. Projects related to the Expo 2020 have not yet come up, but management expects them to come through in 2017 & 2018.   Capital level adequate for medium-term ambitions: DIB believes that their current capital level is adequate to meet the bank’s growth ambitions in 2017. (Shabbir Malik, company)   Dubai Islamic Bank: AED5.38 as of 23 October 2016, Rating: Neutral, FV: AED5.80/share, MCap: USD7,245mn, DIB UH / DISB.DU