Abu Dhabi – Mubasher: The net profits attributable to the owners of Commercial Bank International (CBI) decreased to AED 42.974 million during the first nine months of 2021 from AED 50.633 million in the year-ago period, according to the bank's interim financials for the nine-month period ended 30 September 2021.

The bank's net interest income and income from Islamic financing and investing assets amounted to AED 279.878 million in the first nine months of 2021, down from AED 327.862 million in the same period of 2020.

Meanwhile, the bank reported a decline in net operating income to AED 419.88 million in the January-September period of 2021, compared to AED 611.903 million in the corresponding period of the previous year.

The basic and diluted earnings per share (EPS) settled at AED 0.025 in the first nine months of 2021, against AED 0.029 in the same period of the earlier year.

In the third quarter (Q3) of 2021, the bank's net profits attributable to the owners retreated to AED 25.258 million from AED 66.426 million in the corresponding period of 2020.

The CEO of CBI, Ali Sultan Rakkad Al Amri, said: "We are continuing our journey back towards normality following the unprecedented disruption caused by the Covid-19 pandemic, and supporting our customers remains our key focus."

It is noteworthy to mention that during the first half (H1) of 2021, the bank achieved net profits attributable to the owners of AED 68.232 million, against AED 15.793 million in the year-ago period.