Search DubaiPRNetwork.com

Dubai and UAE

Thursday, January 19, 2023/ Editor

Home >> Business and Economy

CBI Net Profit Increases by 15% to AED 150 million in 2022

CBI Net Profit Increases by 15% to AED 150 million in 2022

Home >> Business and Economy
19 th January 2023:  Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its full year 2022 financial results.
Key financial result highlights: 
• Annual net profit increased by 15%, from AED 131 million in 2021 to AED 150 million in 2022.
 
• Quarterly net profit increased by 11% from AED 45 million in Q3 2022 to AED 50 million in Q4 2022.
 
• Loans and advances increased from AED 11.8 billion in 2021 to AED 12.9 billion as of 31 December 2022, representing a year-on-year growth of 9%.
 
Commenting on the Bank’s 2022 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “Thanks to our continuous focus on being a client-centric bank with our dedicated colleagues relentlessly delivering highest quality services to our customers, our businesses have grown solidly and sustainably in 2022. Understanding the rapidly changing needs of our customers well and using innovative ideas to serve them better through creative, timely and results oriented solutions remain our top priorities. We will continue to firmly support the UAE economy’s strong growth and help our clients realize their aspirations and dreams in the new year.”

 

Share


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Dubai Open Tennis Academies Championship Concludes with Resounding Success

Sharjah Chamber strengthens investment cooperation with Africa during first-ever trade mission to Ma ...

Khalifa Fund for Enterprise Development launches ‘Future Entrepreneur' program to enhance entreprene ...

Dubai Culture and National Youth Orchestra of Dubai Put UAE's Creative Youth on World Stage at Carne ...

UAEREP's 12th Rain Enhancement Hub Webinar Session Explores Eco-Friendly Cloud Seeding Technologies

Ajman Department of Tourism Development launches second edition of ‘Self-Exploration through Tourism ...

DSS 2025 Unveils AED 20 Million In Prizes With Citywide Raffles and Retail Promotions

Emirates SkyCargo doubles down on providing exceptional customer experience

The Emirates A350 begins regular operations to Muscat

Zoho Strengthens Support for UAE's Tech Sector By Partnering with DART

Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

SalamAir Releases 2nd Quarter (Q2) On-Time Performance Data

'School of Life' Brings a Summer of Enriching Experiences to Public Libraries

Google launches Veo 3 on Gemini in the Middle East and North Africa

Van Cleef & Arpels Unveils Fleurs D'hawaï: An ODE To Color

“Dubai Customs” celebrates the graduation of the first cohort of participants in the security refres ...

G-SHOCK's Summer Style Statement: Metal-Cased Watches That Define the Season

Hatta Hosts Summer Sports Festival to Attract Over 6,000 Participants as Part of 'Our Summer is Spor ...

flydubai breaks ground on new Aircraft Maintenance Centre at Dubai South

The most common mistakes in the care and use of your car's tyres