by Amruth Sundarkumar | Jul 28, 2022 | Banks
Dubai Islamic Bank’s Q2 2022 net profit rose steeply by 45% to AED 2.7bn ($740mn). This was a product of total income improving 7% YoY to AED 6.3bn ($1.7bn) and a 37% lower impairment charge of AED 948mn ($258mn). Despite a 9% YoY increase in operating expenses, it...
by Amruth Sundarkumar | Oct 28, 2021 | Banks
Emirati lender Commercial Bank of Dubai (CBD) reported a 31.4% and 28.8% jump in profits for Q3 and 9M2021 to AED 375.01mn ($102.1) and AED 1.05bn ($286mn) respectively. This was on the back of “higher asset volumes, lower funding costs and solid other operating...
