CBI Reports AED41 Million Net Profit In H1 2019 #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / News / News Archive
News Archive
   

CBI Reports AED41 Million Net Profit In H1 2019
(6 August 2019)

 

Commercial Bank International, CBI, today announced its financial results for the first half of 2019. The bank's net profit reached AED41 million compared to AED81 million in H1 2018.

Operating profit was up by five percent to AED204 million from AED194 million in H1 2018. Also, net fee and commission income up by seven percent to AED108 million compared to AED101 million in H1 2018.

Operating expenses were down by 14 percent to AED176 million compared to AED204 million during the same period last year.

Commenting on the bank’s performance, Ali Sultan Rakkad Al Amri, Acting CEO of CBI, said, "During the first half of 2019, we have focused on growing CBI’s core businesses and fulfilling our clients’ needs with better product and service offerings. As a result of our continuous focus on cost control, our efficiency has also improved substantially."

The Capital Adequacy Ratio in H1 2019 remained stable at 14.7 percent.

CBI saw a steady first half, as a result of a continued focus on growing revenues, controlling costs and redefining the customer experience.

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance