Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
CBI Announces Q2 2022 Net Profit of AED 34 Million
 
Dubai, UAE, 29th July 2022: Commercial Bank International (‘CBI’ or ‘the Bank’) has announced its second quarter 2022 financial results.
Key financial result highlights (quarter-on-quarter changes from Q1 2022 to Q2 2022 respectively): 
• Net profit increased by 67% from AED 20.6 million in Q1 2022 to AED 34.4 million in Q2 2022.
 
• Operating profit increased by 82% from AED 40.3 million to AED 73.2 million.
 
• Net operating income increased by 42% from AED 110.8 million to AED 157.6 million.
 
Commenting on the Bank’s Q2 performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, said: “We continue to support our customers and contribute strongly to economic growth in line with the UAE’s strategy that focuses on growth and development. By further strengthening our core client-centric business model, we have increased our profitability substantially in the second quarter, delivering a net profit of AED 34 million, mainly through loan growth. Despite the ongoing challenges in the global macroeconomic environment, we will continue to focus on providing our customers with high quality services and help them realize their ambitions.”


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 5547 times
PR Category : Banking & Investments
Posted on : Friday, July 29, 2022  2:57:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Arab Bank Group Profits Grow by 38% to $252 Million for the ...
Next Story : National Bank of Fujairah PJSC (NBF) Posted a Solid Performa...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Take A Deep Dive Into Bernhard H. Mayer's Latest Watch, the Wave Breaker [10685-Views]
Arab Achievements In The New Guinness World Records 2023 Book Revealed [7384-Views]
Gold Price Hits a Two Year Low: Best Time to Invest in Gold [6023-Views]
Codebreakers Wanted! Unlock The Bremont Vault [5719-Views]
Time On Mars [5691-Views]
Pandora Reveals First Ever Art Collaboration With Keith Haring X Pandora [5564-Views]
Kalyan Silks' 6th Showroom in UAE Inaugurated in Sharjah by Prithviraj Sukumaran [4895-Views]
Mexico and Costa Rica Explore Cooperation in Culture and Knowledge Sectors With Sharjah [4600-Views]
Charles Simon Disrupts Watch Industry With Innovative Accessories. [4506-Views]
Fyne Jewellery Re-launches The Stargazing Collection [4432-Views]
Samsung Electronics Announces New Environmental Strategy [4202-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [4157-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero... [4116-Views]
Torrente Keeps Grip On Title Race As Zandbergen Claims Maiden Victory In Italy [4010-Views]
Tanishq Takes “Every Woman A Diamond” Global [3928-Views]
The Opulent Furniture Brand Brings a Lifestyle Worth Living To Dubai [3887-Views]
Weekend Max Mara – “FROM LILY WITH LOVE” [3698-Views]
Department Of Government Relations Brings The Prestigious Alliance Française To Sharjah [3694-Views]
GJC Felicitates Malabar Gold & Diamonds [3637-Views]
BOCA Partners with Goshopia to Create Sustainable Uniforms for its Guest Relations team [3428-Views]
Free Gourmet Coffee For The First 25 Diners At Le Gourmet On 1st Oct [3251-Views]
ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman [3136-Views]
Mohammed Bin Rashid Library The “towards An Active Role For Public Libraries In Community ... [3009-Views]
Department Of Statistics And Community Development Launches Sharjah Census 2022 Reminding ... [3005-Views]
Ons Jabeur And Emma Raducanu Confirmed For Mubadala World Tennis Championship [2895-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories