Commercial Bank of Dubai reveals rise in net profit

21 October 2010

Commercial Bank of Dubai has said its net profit rose by 1.8 per cent

Commercial Bank of Dubai has said its net profit, after collective and specific provisions for non-performing loans rose 1.8 per cent to AED770.6m ($210m) compared to AED756.9m a year earlier. Operating profit for the first nine months of 2010 rose 10 per cent to AED1bn compared to AED915m for the same period of 2009. The lender’s net interest income of AED1.05bn was 6.3 per cent over the same period of last year.

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