Thursday 19, July 2012 by Robin Amlôt
Commercial Bank of Dubai sees H1 net profit down on increased provisions
Commercial Bank of Dubai (CBD) reported a 7.2 per cent fall in H1 net profit to AED 486 million after the bank took AED 195 million in impairment provisions, 27 per cent up on year-ago levels. "Whilst uncertainties in the wider global economy persist we are reasonably optimistic with regards to the UAE economy," Chief Executive Peter Baltussen said in a statement.
