CBI reported net profit of AED 176.64 million, down 29.5 per cent


09/02/2014 14:30 AST

Commercial Bank International (CBI) saw net profit fall from AED 250.6 million at end-December 2012 to AED 176.65 million at end-December 2013.

Total assets increased by 16.3 per cent to AED 14.81 billion. Customer deposits were up 18.1 per cent to AED 10.5 billion while loans and advances increased by 21.5 per cent to AED 10l.62 billion.

Shareholders’ equity increased by 9.3 per cent to AED 2.2 billion. The bank’s capital adequacy ratio was 15.4 per cent and the advances to stable resources ratio was maintained at 0.97:1.

Earnings per share were AED 0.109, down 30 per cent from AED 0.156 in 2012.

CPI Financial
Commercial Bank International - CBI
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