Commercial Bank International reports net profit rise

04 August 2010

Dubai-based Commercial Bank International has reported a 3.3% rise in net profit for the first six months of 2010 to Dhs70.28m ($19.1m) compared to the same period in 2009. The lender also said its overall provisions declined 36.3% over the corresponding period in the previous year, mainly due to lower loan loss provisions. Loan loss provisions declined nearly 65% to Dhs31m from Dhs88m in the previous year.

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