CBI first-half profit up 55%

DUBAI / WAM

Commercial Bank International (CBI) announced financial results for first six mon- ths of 2018, with net profit up 55 percent to AED81 million, compared to AED52 million in H1 2017. Operating profits were up 6 percent to AED194 million, from AED183 million during same period last year.
Mohammad Sultan Al Qadi, Chairman of CBI, said, “The strong results that CBI was able to achieve are a testament to our continued efforts to optimise bank’s balance sheet and implement a customer-focuss-ed strategy. We will continue to focus on fulfilling customers’ demands and supporting the growth of their businesses and the UAE economy.”