Commercial Bank International PSC (CBI)

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News

15 January 2025 11:48 AM CBI’s pre-tax profits hike 30% in 2024

Abu Dhabi – Mubasher: Commercial Bank International (CBI) achieved a pre-tax profit of AED 222.70 million as of 31 December 2024, reflecting a 30% year-on-year (YoY) growth, according to a press release. Total revenues surged by 29% YoY to AED 703 …

Financial Results

9 January 2025 01:51 PM CBI invests in Boomitra to enhance regenerative agriculture in Middle East, beyond

Abu Dhabi – Mubasher: Commercial Bank International (CBI) has injected an investment in carbon project developer Boomitra to advance regenerative agriculture initiatives across the Middle East, Africa, and Asia. The investment aims to utilise …

Companies Investments

26 November 2024 02:09 PM CBI partners with areeba to boost fintech payment solutions in UAE

Abu Dhabi – Mubasher: Commercial Bank International (CBI) has teamed up with areeba to become the first UAE lender to offer areeba’s comprehensive card and payment solutions to fintechs across the country. The partnership aims to empower UAE-based …

Banking and Finance

27 October 2024 09:01 AM CBI’s profits before tax jump 81% in 9M-24

Abu Dhabi – Mubasher: Commercial Bank International (CBI) registered net operating income valued at AED 278.50 million in the third quarter (Q3) of 2024, according to a press release. This represents a 90% year-on-year (YoY) hike compared to Q3-23 …

Banking and Finance

28 July 2024 03:02 PM CBI logs AED 81.5m profits in H1-24; total assets near AED 20bn

Abu Dhabi – Mubasher: Commercial Bank International (CBI) recorded an annual rise in net profit to AED 81.45 million during the first half (H1) of 2024, compared to AED 78.88 million. Net operating income jumped year-on-year (YoY) to AED 250.13 …

Banking and Finance

5 May 2024 03:13 PM CBI records higher profits in Q1-24 on customer-centric business strategy, corporate culture

Abu Dhabi – Mubasher: Commercial Bank International (CBI) registered a 19% increase in net profit before tax to AED 40.42 million during the first quarter (Q1) of 2024 from AED 34.03 million in Q1-23. CBI also posted AED 36.91 million worth of net …

Financial Results

16 January 2024 10:54 AM CBI’s net profits up 14% in 2023

Abu Dhabi – Mubasher: Commercial Bank International (CBI) generated net profits amounting to AED 170.64 million in 2023, an annual rise of 14% from AED 150.47 million. Total assets reached AED 18.97 billion as of 31 December 2023, down …

Financial Results

26 December 2023 11:00 AM RAKEZ partners with CBI to reinforce financial inclusion

Abu Dhabi – Mubasher: Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Commercial Bank International (CBI) to enhance the business banking experience for RAKEZ clients. The collaboration aims to bolster financial inclusion by streamlining …

Banking and Finance

30 November 2023 00:58 PM ADGM launches financing digital platform Numou; investments by 3 banks unveiled

UAE – Mubasher: Abu Dhabi Global Market (ADGM) has introduced Numou, a digital platform created to bridge the funding gap faced by small and midsize enterprises (SMEs). This digital platform marks a pivotal step in anchoring the SME ecosystem …

Companies Investments

29 October 2023 03:31 PM CBI registers higher profits in Q3-23 at AED 62m

Abu Dhabi – Mubasher: The net profits of Commercial Bank International (CBI) enlarged by 38% to AED 62 million in the third quarter (Q3) of 2023 from AED 45 million in Q2-23. The UAE lender recorded a 65% leap in operating profit to AED 73 million …

Financial Results

3 August 2023 02:30 PM CBI’s net profits jump 44% in H1-23 financials

Abu Dhabi – Mubasher: Commercial Bank International (CBI) recorded a 44% year-on-year (YoY) surge in net profit to AED 78.88 million during the first half (H1) of 2023 from AED 55.04 million. The basic and diluted earnings per share (EPS) went up …

Banking and Finance

13 June 2023 10:01 AM CBI’s board greenlights up to AED 889m capital raise

Abu Dhabi – Mubasher: The board of Commercial Bank International (CBI) agreed to increase its share capital by an amount of up to AED 889.10 million through a rights issue. The capital hike is still subject to the approvals of the Central Bank of …

Corporate Actions

11 May 2023 01:50 PM CBI sees higher profits in Q1-23 financial results

Abu Dhabi – Mubasher: The net profits attributable to the owners of Commercial Bank International (CBI) jumped to AED 32.82 million in the first quarter (Q1) of 2023, compared to AED 21.23 million in Q1-22. The lender posted a net operating …

Banking and Finance

2 March 2023 11:00 AM CBI’s shareholders nod to 2022 dividends, bonus shares

Abu Dhabi – Mubasher: The shareholders of Commercial Bank International (CBI) greenlighted cash dividends worth AED 730.11 million for 2022, according to a bourse filing. During the annual general meeting (AGM) that was held on 1 March 2023, the …

General Assembly

1 March 2023 10:08 AM CBI announces new Chairman, Vice Chairman

Abu Dhabi – Mubasher: The board of Commercial Bank International (CBI) has elected Saif Ali Al Shehhi as the bank’s Chairman. Meanwhile, Ali Rashid Al Mohannadi was announced as the Vice Chairman of the board, according to a bourse filing. The …

Corporate Actions

19 January 2023 03:12 PM CBI’s profits to owners exceed AED 117m in 2022

Abu Dhabi – Mubasher: Commercial Bank International (CBI) registered net profits attributable to the equityholders worth AED 117.23 million in 2022, lower than AED 121.77 million a year earlier. The net operating income plunged to AED 602.80 …

Banking and Finance

26 October 2022 03:04 PM CBI turns profitable at AED 67m to equityholders in 9M-22 results

Abu Dhabi – Mubasher: Commercial Bank International (CBI) shifted to net profits attributable to the shareholders worth AED 67.20 million in the first nine months (9M) of 2022, versus losses of AED 42.97 million in 9M-21. In January-September …

Financial Results

28 July 2022 03:52 PM CBI turns to AED 56m profits in H1-22 financials

Abu Dhabi – Mubasher: Commercial Bank International (CBI) has logged net profits attributable to the owners worth AED 56.28 million in the first half (H1) of 2022, against net losses of AED 68.23 million in H1-21. Basic and diluted earnings per …

Banking and Finance

26 April 2022 02:39 PM CBI turns to profitability in Q1-22 unaudited financials

Abu Dhabi – Mubasher: Commercial Bank International (CBI) reported unaudited net profits attributable to the owners of AED 21.23 million in the first quarter (Q1) of 2022, versus net losses of AED 96.14 million in Q1-21, according to the …

Banking and Finance

2 February 2022 10:05 AM CBI reports surge in net profits in 2021

Abu Dhabi – Mubasher: Commercial Bank International (CBI) posted a hike in the net profits attributable to the owners to AED 121.78 million in 2021, compared to AED 27.34 million in the earlier year, according to the bank's consolidated financials …

Financial Results

9 November 2021 11:38 AM CBI records decline in net profits in 9M

Abu Dhabi – Mubasher: The net profits attributable to the owners of Commercial Bank International (CBI) decreased to AED 42.974 million during the first nine months of 2021 from AED 50.633 million in the year-ago period, according to the bank's …

Banking and Finance

23 September 2021 05:00 PM CI affirms CBI’s ratings with stable outlook

Abu Dhabi – Mubasher: Capital Intelligence Ratings (CI) has affirmed the long- and short-term foreign currency ratings of the Commercial Bank International (CBI) at ‘BBB+’ and ‘A2’, respectively. CI also affirmed the lender’s bank standalone …

Banking and Finance

29 July 2021 03:41 PM CBI sees higher profits in H1-21

Abu Dhabi – Mubasher: Commercial Bank International (CBI) has achieved net profits attributable to the owners of AED 68.232 million during the first half (H1) of 2021, against AED 15.793 million in the year-ago period, according to the …

Banking and Finance

27 May 2021 11:28 AM Fitch Ratings affirms CBI's IDR at 'BBB+'; outlook stable

Abu Dhabi - Mubasher: Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Commercial Bank International (CBI) at 'BBB+', with a stable outlook. The global rating agency also downgraded the bank's Viability Rating (VR) to 'b' …

Ratings

11 March 2021 03:29 PM CBI's board proposes capital raise through new shares issuance

Abu Dhabi - Mubasher: The board of Commercial Bank International (CBI) has recommended to increase the bank's capital to AED 2.167 billion by issuing 430 million new shares at a price of AED 1 per share. This proposal is in line with the …

Banking and Finance