CBD
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, according to an official statement.
Provision for impairment of loans dropped 35.6% YoY to AED 346.43 million during the period between January to June, while operating expenses declined 5.6% YoY to AED 424 million in the same period, CBD’s data showed.
In February, the Dubai-listed bank posted a 12% YoY growth in net profit during the last quarter of 2017, registering AED 337.2 million.