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Commercial Bank of Dubai PSC (CBD)

Last update: 12:42 PM market time.
3.85
-0.01
-0.26%
Open 3.85
Previous Close 3.86
High 3.85
Low 3.85
Stock Statistics
Volume 50,000
Turnover 192,500.00
All data are 15 minutes late during market session

News

Total revenue reached AED 2.24 billion in 9M
16 October 03:08 PM Commercial Bank of Dubai records AED 1.063bn net profit in 9M
Dubai – Mubasher: Commercial Bank of Dubai (CBD), listed on the Dubai Financial Market (DFM), has reported a 26.1% year-on-year increase in net profit for the first nine months of 2019. Net profit amounted to AED 1.063 billion during the …
Part of the signing ceremony
27 September 10:56 PM Dubai Land Department inks 9 MoUs in Cityscape Global
UAE – Mubasher: Dubai Land Department has signed nine agreements and memoranda of understanding with a group of Emirati and foreign entities at Cityscape Global 2019, according to the Emirates News Agency (WAM). An MoU was signed with Saudi …
The bank’s total revenue amounted to AED 1.51 billion in H1-19
17 July 03:42 PM UAE’s CBD logs AED 701m profits in H1
Dubai – Mubasher: Commercial Bank of Dubai (CBD), listed on the Dubai Financial Market (DFM), reported a 25% year-on-year increase in its net profit for the first half of 2019. Net profit reached AED 701 million in H1-19, versus AED 561 million in …
Receivers were appointed to the Cayman Islands entity as an attempt to maintain the bank’s security
16 July 09:15 AM UAE’s CBD denies ownership of Spinneys Egypt
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) on Tuesday confirmed it has provided Abraaj Holdings with a credit facility secured by a number of assets, including a legal charge over shares that controlled Spinneys Egypt. Receivers were …
“Emirates NBD Capital Limited was global coordinator."
29 June 08:04 PM Pakistan to secure $375m loans from UAE banks
UAE – Mubasher: Pakistan has signed $375 million syndicated loan with UAE banks including conventional and Islamic banking tranches. The tranches were subscribed by a group of leading UAE banks, according to Reuters. “Emirates NBD Capital Limited …
The bank’s short-term IDR has been confirmed at 'F2'
11 June 11:13 AM Fitch Affirms Commercial Bank of Dubai’s IDR at 'A-'; Outlook Stable
Dubai - Mubasher: Fitch Ratings has maintained Commercial Bank of Dubai’s (CBD) long-term issuer default rating (IDR) at 'A-' with a stable outlook. The American credit rating agency also affirmed CBD’s viability rating (VR) at 'bb+', according to …
CBD's net profits logged AED 340 million in Q1-19
17 April 04:09 PM CBD profit grows 22% in Q1 on rising revenues
Dubai – Mubasher: Commercial Bank of Dubai (CBD) reported a 21.6% year-on-year net profit increase in the first quarter of 2019 on the back of higher revenues. Net profits of the UAE’s lender rose to AED 340 million ($92.6 million) in Q1-19 from …
First Abu Dhabi Bank topped UAE lenders in terms of cash dividends
3 March 05:03 PM UAE banks’ cash dividends hit AED 18.7bn in 2018
Abu Dhabi – Mubasher: A total of 18 UAE national banks, listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), raised their proposed cash dividends 12.2% to AED 18.7 billion for 2018, from AED 16.66 billion a year …
24 January 09:31 AM Revenues boost CBD profits in 2018 to AED 1.2bn
CBD's profits for 2018 rose 15% on higher revenues and lower operating expenses
The Commercial Bank of Dubai
24 January 09:06 AM Revenues boost CBD profits in 2018 to AED 1.2bn
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has reported a rise in its annual profits by 16% year-on-year to AED 1.162 billion in 2018, citing a 3.1% increase in revenues to AED 2.73 billion and 4.7% lower operating expenses to AED 858 …
10 January 05:30 PM CBD seeks to recover credit facility to Abraaj
The bank affirmed that it is not in a position to comment on the media reports
Photo Archive
13 December 2018 06:09 PM Moody's confirms CBD ratings
Dubai - Mubasher: Moody's Investors Service has confirmed the ratings of Commercial Bank of Dubai (CBD), but changed the outlook on the long-term deposits ratings to negative from ratings under review.  The ratings stand at Baa1 long-term deposit …
Profits of the DFM’s lenders grew 19% to AED 14.67 billion in the first nine months of 2018
6 November 2018 03:18 PM DFM listed banks see 12% profit rise in Q3 – Survey
By: Mahmoud Gamal Dubai – Mubasher: Net profits of the Dubai-based banks rose 11.6% year-on-year during the third quarter of 2018. Net profits of the seven banks listed on the Dubai Financial Market (DFM) amounted to AED 4.95 billion in Q3-18, …
The lender’s profits jumped 26.8% to AED 843.06 million from January to September 2018
17 October 2018 02:32 PM CBD’s profit jumps 26% in 9M
Dubai – Mubasher: Commercial Bank of Dubai (CBD) on Wednesday reported a 15% year-on-year profit decrease during the third quarter of 2018, logging AED 282.29 million, from AED 332.20 million. The lender’s profits jumped 26.8% to AED 843.06 …
Moody's changed the outlook on the long-term bank deposits to ‘ratings under review’ from ‘stable’
2 October 2018 09:26 AM Moody's sets ratings for CBD on review for downgrade
Dubai – Mubasher: Moody's Investors Service has placed all ratings of Commercial Bank of Dubai (CBD) on review for downgrade. The bank’s long-term deposit ratings were set at Baa1, whereas the short-term deposit ratings were placed at P-2, the …
The deal will help the Dubai-based lender to become default digital
23 September 2018 10:28 AM CBD, PwC ink agreement to boost digital innovation
Dubai - Mubasher: Commercial Bank of Dubai (CBD) on Sunday announced signing an agreement with PwC Middle East in a bid to enhance digital innovation. The deal will help the Dubai-based lender to become default digital and in providing a …
Abraaj Group is now under court-supervised liquidation
6 August 2018 00:25 PM Investors in Abraaj’s fund hire advisor to recover over $99m
Dubai – Mubasher: Investors in a fund of the embattled Dubai-based private equity company, The Abraaj Group, have hired advisory firm Alvarez and Marsal Holdings to help in the recovery of over $99 million. Alvarez may also represent the fund’s …
Abraaj has been facing allegations of money misuse
18 July 2018 09:21 PM US York Capital Management offers $45m to acquire Abraaj assets
Dubai – Mubasher: York Capital Management has presented an offer to acquire Abraaj Group’s asset management business in a consideration of $45 million. The New York-based hedge fund is reportedly planning to pay $20 million of the offered amount …
CBD uncovers $166m exposure to Abraaj
12 July 2018 00:14 PM CBD uncovers $166m exposure to Abraaj
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) on Thursday revealed that it has an exposure to Abraaj Holdings. The bank said its exposure was represented by secured credit facility of $166.25 million, according to a filing to the Dubai …
The bank’s operating income grew to AED 1.32 billion
11 July 2018 05:21 PM Commercial Bank of Dubai’s profit surges in 6M
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has reported a 69% year-on-year hike in net profit during the first six months of 2018, recording AED 560.77 million. The bank’s operating income grew 1.06% YoY to AED 1.32 billion in H1-18, …
The lender's board also approved the election of Ahmad Abdulkarim Julfar as vice chairman
9 April 2018 11:35 AM CDB appoints Alqutami as chairman
Dubai – Mubasher: The board of Commercial Bank of Dubai (CBD) has agreed on electing Humaid Mohammad Obaid Yousuf Alqutami as the chairman of the board. The lender's board also approved the election of Ahmad Abdulkarim Julfar as vice chairman, the …
CBD's board proposed AED 560.5 million dividends in February
21 March 2018 09:57 AM CBD’s shareholders cut proposed dividends for 2017
Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting reduced the recommended dividends for 2017 to 17.5 fils per share from 20 fils, according to a bourse statement released on Wednesday. In February, the Dubai-listed bank’s …
The banks sector levelled down 0.35%
8 February 2018 01:19 PM CBD’s stock plunges 2.44% Thursday
Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) dropped 2.44% on the Dubai Financial Market (DFM) on Thursday by 12:46 pm, UAE time, after 6,500 of the bank’s shares were traded, despite its reported growth in profits in the fourth quarter of …
The proposed dividends total AED 560.5 million
8 February 2018 10:50 AM CBD's OGM considers AED 560.5m dividends
Abu Dhabi – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting (OGM) is set to discuss the distribution of 20% of the bank’s capital or AED 0.2 per-share in cash dividends for 2017. The proposed dividends total AED 560.5 million, …
Net profit stood at AED 337.2 million in Q4-17
8 February 2018 09:42 AM CBD Q4 profit rises 12%
Dubai – Mubasher: Commercial Bank of Dubai (CBD) on Thursday posted a 12% year-on-year growth in the fourth quarter of 2017. Net profit stood at AED 337.2 million in Q4-17, compared to AED 301.6 million in the same period a year earlier, CBD said …