8 Hrs
Source:
الاقتصادية
CBD profits hit 2.7bn AED in nine months
Dubai Commercial Bank achieved a net profit after tax of 2.68 billion dirhams during the first nine months of 2026, representing a 4% increase compared to the same period in 2025. Profit during the third quarter of the year rose to 969 million dirhams, despite a 9.4% decrease from the second quarter. The bank's total assets reached 167.85 billion dirhams by the end of September 2026, reflecting a 4.7% growth, while loans and credit facilities increased to 109.64 billion dirhams, with asset quality improving as non-performing loans declined to 2.98%. Additionally, the bank's customer deposits grew to 112.2 billion dirhams, with strengthened loan loss coverage ratios, demonstrating strong financial performance during this period.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)