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13 August 11:48 AM

Commercial Bank of Dubai PSC (CBD)

Last update: 21 July 10:24 AM market time.
3.60
-0.01
-0.28%
Open 3.60
Previous Close 3.61
High 3.60
Low 3.60
Stock Statistics
Volume 3,445
Turnover 12,402.00
All data are 15 minutes late during market session

News

The bank's net income recorded AED 916M
26 July 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 12:42 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 …
Banking and Finance
The bank's operating income registered AED 756.517 million
22 April 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
CBD posted net profits to AED 1.4 billion in 2019
12 March 11:24 AM CBD’s shareholders approve 20.7 fils/shr dividend for 2019
Dubai – Mubasher: The ordinary general meeting (OGM) of Commercial Bank of Dubai (CBD) approved the board’s proposal to distribute cash dividends for 2019. The company’s shareholders agreed to distribute 20.7% of the company’s capital or 20.7 fils …
Cash Dividends
The distribution of a cash dividend stands at 20.7 fils per share
24 February 02:15 PM CBD’s board recommends 20.7% cash dividend
UAE – Mubasher: The board of Commercial Bank of Dubai (CBD) has proposed to distribute 20.7% of the bank’s paid-up capital as a cash dividend, according to the bank’s disclosure to Dubai Financial Market (DFM) on Monday. The distribution of a cash …
Banking and Finance
The lender’s operating income for 2019 amounted to AED 3.033 million
6 February 10:29 AM CBD logs 20.5% higher net profits in 2019
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) surged by 20.5% year-on-year (YoY) to AED 1.4 billion in 2019, compared to AED 1.162 billion in 2018. The bank’s total assets increased to AED 88.068 billion last year from AED …
Financial Results
Total revenue reached AED 2.24 billion in 9M
16 October 2019 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 …
Banking and Finance
Part of the signing ceremony
27 September 2019 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 …
Macroeconomics
The bank’s total revenue amounted to AED 1.51 billion in H1-19
17 July 2019 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 …
Financial Results
Receivers were appointed to the Cayman Islands entity as an attempt to maintain the bank’s security
16 July 2019 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 …
Mergers and Acquisitions
“Emirates NBD Capital Limited was global coordinator."
29 June 2019 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 …
Banking and Finance
The bank’s short-term IDR has been confirmed at 'F2'
11 June 2019 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 …
Stock Evaluations
CBD's net profits logged AED 340 million in Q1-19
17 April 2019 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 …
Financial Results
First Abu Dhabi Bank topped UAE lenders in terms of cash dividends
3 March 2019 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 …
Banking and Finance
24 January 2019 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
Global Markets brief
The Commercial Bank of Dubai
24 January 2019 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 …
Financial Results
10 January 2019 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
Global 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 …
Ratings
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, …
Banking and Finance
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 …
Financial Results
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 …
Ratings
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 …
Macroeconomics
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 …
Law
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 …
Mergers and Acquisitions
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 …
Banking and Finance