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Abu Dhabi's CBI plans capital hike to boost financing

Abu Dhabi's CBI plans capital hike to boost financing
Photo Credit: Arabianeye - Reuters
CBI
CBI
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Abu Dhabi – Mubasher: Abu Dhabi's Commercial Bank International (CBI) is planning a capital increase in the coming twelve to eighteen months, as part of its strategy aimed to boost retail loans and other trade and Sharia-compliant financing products, said CEO Mark Robinson.

The bank's strategy relied on broadening the range of commercial financing and other SME's financing and Islamic financing schemes, added the top executive.

He added that one third of CBI's loans go for institutional and corporate clients, said Robinson, adding that the bank will work in the coming five years on boosting the share of retail clients in its credit portfolio.

CBI earlier posted AED 3.3 million ($907,800) in net loss for the first nine months of 2015, against AED 143.9 million ($39.1 million) in the prior-year period.