Commercial Bank of Dubai PSC (CBD) News - Mubasher Info
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Commercial Bank of Dubai PSC (CBD)

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6.95
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News

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7 March 11:59 AM CBD’s shareholders pass AED 1.3bn dividends for 2023, renews $3bn bonds programme
Dubai – Mubasher: The Commercial Bank of Dubai’s (CBD) annual general assembly meeting (AGM) has approved the distribution of AED 1.32 billion in cash dividends for 2023. The approved amount is equivalent to 50% of the bank’s net profit last year, …
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1 February 12:21 PM CBD’s net profits cross AED 2.6bn in 2023
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) logged net profits amounting to AED 2.65 billion in 2023, an annual surge of 45.20% from AED 1.82 billion. CBD registered AED 4.93 billion in total operating income during January- December …
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24 December 2023 00:51 PM TAQA unveils AED 1.6bn joint project; Co-funded by ADIB, CBD
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), GS Inima, and Emirates Water and Electricity Company (EWEC), concluded the financial process of AED 1.60 billion ($444 million) low-carbon intensive Shuweihat 4 Reverse Osmosis …
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29 October 2023 03:12 PM CBD sees 46.5% higher profits in 9M-23 at AED 1.93bn
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) recorded 46.40% year-on-year (YoY) higher net profits at AED 1.93 billion in the first nine months (9M) of 2023, compared to AED 1.32 billion. The UAE lender reported total income worth AED 3.71 …
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13 July 2023 10:17 AM CBD logs AED 1.22bn profits in H1-23
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) hit AED 1.22 billion in the first half (H1) of 2023, an annual hike of 41.50% from AED 866 million. The UAE lender registered a total income amounting to AED 2.46 billion in …
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8 June 2023 09:33 AM CBD offers $500m unsecured green bond
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has issued a senior unsecured green bond valued at $500 million for five years. The issuance will be settled on 14 June 2023 and will mature on 14 June 2028, according to a bourse filing. During the …
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4 May 2023 09:34 AM CBD’s net profits jump 33.5% in Q1-23
Dubai – Mubasher: Commercial Bank of Dubai (CBD) witnessed 33.40% year-on-year (YoY) higher net profits at AED 575.22 million in the first quarter (Q1) of 2023, compared to AED 431.33 million. The UAE lender registered a total operating income …
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1 February 2023 05:24 PM CBD sees 26% higher profits at AED 1.82bn in 2022
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) hiked by 25.80% year-on-year (YoY) to AED 1.82 billion in 2022 from AED 1.45 billion. The total operating income stood at AED 3.81 billion in the January-December 2022 period, …
27 October 2022 06:30 PM CBD registers AED 1.32bn in 9M-22 profits
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 1.32 billion in net profit during the first nine months (9M) of 2022, up 25.80% year-on-year (YoY) from AED 1.05 billion. Meanwhile, the total operating income reached AED 2.71 …
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27 July 2022 06:32 PM CBD's profits up 28% to AED 866m in H1-22 results
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has logged net profits worth AED 866.38 million in the first half (H1) of 2022, an annual jump of nearly 28.10% from AED 676.05 million. The basic and diluted earnings per share (EPS) rose to …
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19 July 2022 04:37 PM CBD arranges AED 530m syndicated financing for Gulf Data Hub
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has arranged an AED 530 million syndicated financing for Gulf Data Hub (GDH), a data centre facility in Dubai Silicon Oasis. GDH will use the fund in developing its new 12 megawatt (MW) data …
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28 June 2022 02:15 PM DIFC initiates 1st Open Finance Lab in region; listed banks participate
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
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27 April 2022 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 …
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17 March 2022 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, …
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9 February 2022 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 …
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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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …