CBD’s profit up 3.1% at Dh325m issacjohn@khaleejtimes.com Filed on April 29, 2021
CBD customers’ deposits rose 1.7 per cent to Dh70.9 billion while low cost current and savings accounts constituted 44.1 per cent of the total deposit base.
Total assets of the bank surged 5.2 per cent to Dh102.5 billion in the first quarter
Commercial Bank of Dubai (CBD) has reported a 3.1 per cent increase to Dh325 million in first-quarter net profit year on year. The bank said a less than expected credit loss coupled with lower operating expenses had supported the net profit surge while low interbank interest rates resulted in bringing down net interest income by 1.8 per cent compared to the first quarter of 2020.