Abu Dhabi – Mubasher: Commercial Bank International (CBI) posted a hike in the net profits attributable to the owners to AED 121.78 million in 2021, compared to AED 27.34 million in the earlier year, according to the bank's consolidated financials for the year ended 31 December 2021.

The bank's net interest income and income from Islamic financing decreased to AED 376.08 million in 2021 from AED 417.6 million in 2020.

The bank's total assets increased by 21% to AED 20.8 billion as of 31 December 2021 from AED 17.1 billion as of 31 December 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.07 in 2021, versus AED 0.016 in the previous year.

The CEO of CBI, Ali Sultan Rakkad Al Amri, said: "In 2021, we continued to strongly support our customers and the growth of the UAE economy as the normalisation of our businesses and lives following the pandemic has gathered more momentum."

Al Amri added: "In 2022, our capital adequacy ratio remains strong at 14.8%. We will continue to focus on our customers and help them grow their businesses and realise their ambitions."

It is noteworthy to mention that during the first nine months (9M) of 2021, CBI's net profits decreased to AED 42.974 million from AED 50.633 million in the year-ago period.