Commercial Bank of Dubai PSC (CBD) News - Mubasher Info
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17 May 05:34 PM

Commercial Bank of Dubai PSC (CBD)

Last update: 12:11 PM market time.
4.95
-0.04
-0.80%
Open 4.95
Previous Close 4.99
High 4.95
Low 4.95
Stock Statistics
Volume 5,000
Turnover 24,750.00
All data are 15 minutes late during market session

News

Photo Archive
27 April 03:18 PM CBD's net profits climb 33% in Q1-22
Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) amounted to AED 431.33 million in the first quarter (Q1) of 2022, up 32.6% year-on-year (YoY) from AED 325.02 million, according to the company's consolidated interim …
Banking and Finance
Photo Archive
17 March 01:10 PM CBD’s shareholders approve 26% of capital as 2021 dividends
Dubai – Mubasher: The shareholders of the Commercial Bank of Dubai (CBD) gave the green light for distributing 25.88% of the capital as cash dividends for 2021. The UAE lender will pay a total amount of AED 725.34 million as last year’s dividends, …
Cash Dividends
Photo Archive
9 February 03:02 PM CBD posts 29.5% higher profits in 2021; dividends proposed
Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) increased by 29.5% to AED 1.45 billion in 2021, compared to AED 1.12 billion in 2020, according to the bank's consolidated financials for the year ended 31 December 2021. The …
Cash Dividends
Photo Archive
16 December 2021 04:59 PM ENBD REIT refinances debt through $200m syndicated facility
UAE - Mubasher: ENBD REIT has refinanced its entire existing debt through a $200 million syndicated Shari’a compliant Murabaha facility with  Emirates NBD and the Commercial Bank of Dubai (CBD). Emirates NBD Capital, the investment banking arm of …
Companies Investments
The bank's operating income recorded AED 1.572 billion
28 July 2021 02:22 PM CBD's net profits up 27.5% in H1-21
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) reported a 27.5% rise in net profits to AED 676.055 million during the first half (H1) of 2021, compared to AED 530.431 million in the year-ago period, as shown by the bank's consolidated …
Financial Results
The transaction was fully subscribed by 12 banks
28 July 2021 11:47 AM Ajman Bank, CBD conclude Pakistan's $350m Murabaha syndicated financing
Dubai – Mubasher: Ajman Bank and Commercial Bank of Dubai (CBD) have concluded Pakistan's $350 million Murabaha syndicated financing. Both banks acted as initial mandated lead arrangers and bookrunners on the facility for Pakistan acting through …
Banking and Finance
Network’s clients will benefit from CBD's high business loan amounts
17 June 2021 10:03 AM CBD partners with Network International to offer pre-approved business loan
Dubai - Mubasher: Commercial Bank of Dubai (CBD) has partnered with Network International, a provider of digital commerce services in the Middle East and Africa (MEA) region, to offer merchant clients a pre-approved business loan, the Emirates …
Banking and Finance
CBD will provide up to AED 10 million financings to SMEs
2 June 2021 03:59 PM Emirates Development Bank, CBD ink MoU to offer financing solutions to SMEs
UAE - Mubasher: The Emirates Development Bank (EDB), fully owned by the UAE Federal Government, has inked a Memorandum of Understanding (MoU) with Commercial Bank of Dubai (CBD) to offer credit guarantee and co-lending programmes for small and …
Banking and Finance
The outlook is also based on potential asset quality pressures
26 May 2021 04:42 PM Moody's affirms CBD's rating at 'Baa1/P-2'; outlook negative
Dubai – Mubasher: Moody's Investors Service (Moody's) has affirmed the long-term and short-term deposit ratings of Commercial Bank of Dubai (CBD) at Baa1/P-2, with a negative outlook. The global rating agency has affirmed the bank's Baseline …
Banking and Finance
Fitch forecasts further pressure on CBD's asset quality and profitability
18 May 2021 02:59 PM Fitch affirms Commercial Bank of Dubai's rating at 'A-' with stable outlook
Dubai – Mubasher: Fitch Ratings has affirmed Commercial Bank of Dubai's (CBD) long-term issuer default rating (IDR) and viability rating (VR) at 'A-' and 'bb+', respectively, with a stable outlook. The IDR rating was backed by support from the UAE …
Ratings
The bank reported a net income of AED 520.868 million in Q1-21
28 April 2021 02:25 PM CBD's net profits rise 3% in Q1-21
Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) has increased by 3.1% to AED 325.022 million in the first quarter (Q1) of 2021, compared to AED 315.323 million in the year-ago period. Higher net profits are driven by …
Financial Results
The deal will finance the purchase of two new GEnx and XWB engines
12 April 2021 02:23 PM Sanad Capital closes $55m financing deal with Commercial Bank of Dubai
UAE - Mubasher: Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company, has closed a $55 million debt financing deal with the Commercial Bank of Dubai. This collaboration is the first of its kind between Sanad Capital, an …
Companies Investments
The bank has appointed a deputy chairman
18 March 2021 11:46 AM CBD elects Humaid Al Qutami as chairman
Dubai – Mubasher: The board of Commercial Bank of Dubai (CBD) has elected Humaid Mohammad Obaid Al Qutami as the bank's chairman. The bank has appointed Sultan Saeed Mohamed Al Mansoori as a deputy chairman, according to a bourse filing on …
Banking and Finance
The cash dividend payout aggregates a total amount of AED 560.546m
18 March 2021 10:41 AM CBD's shareholders approve 20% dividends for 2020
Dubai – Mubasher: The ordinary general meeting (OGM) of Commercial Bank of Dubai (CBD) has nodded to a cash dividend distribution, equivalent to 20% of the capital, for 2020. The cash dividend payout aggregates a total amount of AED 560.546 …
General Assembly
The bank's net income recorded AED 1.927bn in 2020
10 February 2021 03:03 PM CBD sees 20% lower profits in 2020
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) dropped by 20% to AED 1.12 billion in 2020, compared to AED 1.4 billion in the earlier year, according to the bank's consolidated financial results for 2020. Lower net profits …
Financial Results
Emirates National Factory is a UAE-based fully-owned subsidiary of Saudi Printing.
27 January 2021 09:56 AM Saudi Printing’s unit pens AED 475m loan deal with CBD
Riyadh – Mubasher: Saudi Printing and Packaging Company said its subsidiary, Emirates National Factory for Plastic Industries, signed a Sharia-compliant credit facility agreement of AED 475 million with Commercial Bank of Dubai (CBD). The …
Banking and Finance
The bond was listed on Nasdaq Dubai on 21 October
4 November 2020 10:57 AM CBD lists $600m bond on Nasdaq Dubai
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has celebrated the listing of a $600 million AT1 conventional bond on Nasdaq Dubai, with an interest rate of 6%. This is the first bond listing for the bank on the region’s international financial …
Banking and Finance
The rise in assets is driven by higher deposits
1 November 2020 00:55 PM Emirati banks report 11% higher assets in 9M
UAE – Mubasher: The total assets of ten Emirati banks jumped by 11.4% to AED 2.681 trillion during the first nine months of 2020, when compared to the same period of 2019, according to the Emirates News Agency (WAM). The ten banks comprise First …
Macroeconomics
The basic and diluted EPS settled at AED 0.29
28 October 2020 03:41 PM CBD records 23% lower net profits in 9M
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) slid by 23.3% to AED 815.76 million during the first nine months of 2020 from AED 1.06 billion in the corresponding period of 2019. The decrease in net profits is driven by lower …
Financial Results
The bonds have attracted a quality order book of more than $1.4bn
22 October 2020 03:58 PM CBD issues $600m Additional Tier 1 perpetual bonds
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has issued a $600 million Additional Tier 1 perpetual non-call six-year bonds, according to the bank's disclosure to the Dubai Financial Market (DFM) on Thursday. To be listed on the Euronext Dublin …
Bonds
The bank is issuing the Additional Tier 1 (AT1) bonds
14 October 2020 11:09 AM CBD starts marketing perpetual dollar bonds
Dubai – Mubasher: Commercial Bank of Dubai (CBD) began marketing the US dollar-denominated perpetual bonds with initial price guidance of about 6.375%, Reuters reported. The bank is issuing the Additional Tier 1 (AT1) bonds that are non-callable …
Bonds
The Tier 1 benchmark bonds would be non-callable for six yrs
12 October 2020 11:22 AM CBD hires banks for US dollar-denominated bond issuance
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has hired banks to arrange for potential issuance of US dollar-denominated perpetual bonds, Reuters reported. The additional Tier 1 benchmark bonds of at least $500 million in size would be …
Banking and Finance
The bank's net income recorded AED 916M
26 July 2020 03:28 PM CBD's net profits decline to AED 530m in H1-20
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) dropped to AED 530.431 million in the first six months of 2020, compared to AED 701.15 million in the same period of 2019, according to the bank's consolidated interim financial …
Financial Results
The new foreign ownership limit aims to enhance the market's liquidity
14 June 2020 00:42 PM CBD applies 40% new foreign ownership limit
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has allowed foreign investors to invest in as much as of 40% of its capital as of Sunday, 14 June, according to Emirates News Agency (WAM). The decision came after the bank had completed the …
Markets Regulations
The bank's operating income registered AED 756.517 million
22 April 2020 03:38 PM CBD's net profits drop to AED 315m in Q1-20
Dubai – Mubasher: Commercial Bank of Dubai (CBD) saw 7.3% lower net profits to AED 315.323 million during the first quarter of 2020, compared to AED 340.054 million in the same quarter of 2019. The decrease in net profits is driven by lower …
Financial Results