CBD reports Net Profit of AED 431 M

Commercial Bank of Dubai (CBD) today reported its financial results for the first quarter of 2022.
Commercial Bank of Dubai has delivered a net profit of AED 431 million for the first quarter of 2022, up 32.6% compared to the first quarter of 2021. Higher revenue across Net Interest and Other Operating Income, underpinned by solid loan growth, generated a robust increase in net profit. Notably, market interest rates have risen, strengthening margins in the first quarter. The positive economic outlook together with improved business confidence is expected to facilitate further performance improvements throughout 2022.