Thursday 21, October 2010 by
CBD operating profits increase 10 per cent in first nine months of 2010
Commercial Bank of Dubai (CBD) yesterday said that its operating profit for the first nine months of 2010 rose 10 per cent to AED 1,006 million ($273.8 million) compared to AED 915 million ($249.1 million) for the same period of 2009. The bank's net interest income of AED 1,048 million ($285.3 million) was 6.3 per cent over the same period of last year, other operating income increased by 9.1 per cent over last September. The net profit, after collective and specific provisions for non-performing loans amounted to AED 770.6 million ($209.8 million) as compared to AED 756.9 million ($206 million) a year earlier, representing a 1.8 per cent growth.
