Thursday 16 August 2018
 
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CBD

CBD partners with Network International

Commercial Bank of Dubai (CBD) and Network International, a leading payment solutions provider recently signed an agreement to provide Network International’s acquiring processing solutions to CBD’s wholesale banking clients.

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CBD 2017 profit surges 9.4pc to $474m

Commercial Bank of Dubai (CBD) has reported a 9.4 per cent increase in operating profit of Dh1,742 million ($474 million) for 2017,a media report said. Figures showed that operating income increased by 7.3 per cent to Dh2,642.4 mi

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CBD strengthens executive team with new Emirati GMs

As part of its strategy to enable UAE nationals to take up senior management positions, Commercial Bank of Dubai has announced the promotion of several senior Emirati executives. Othman Bin Hendi has been appointed as general manager, C

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CBD shareholders reject $750m bond plan

Shareholders of Commercial Bank of Dubai (CBD) have rejected a proposal to issue $750 million in capital-boosting perpetual bonds, the bank said on Sunday. The proposal was rejected by 39.24 percent of shareholders present at the

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R Hotels secures $55.5m for hotel development in Dubai

R Hotels, the hospitality division of Ajman-based R Holding, has secured funds worth Dh204 million ($55.5 million) from Commercial Bank of Dubai (CBD), to back the development of its recently announced property in Palm Jumeirah in Dubai, UAE.

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CBD Q3 profit falls to $69.2m

UAE lender Commercial Bank of Dubai posted a marginal drop in third-quarter net profit of 1.4 percent, the bank said on Sunday. CBD, which is 20 percent owned by the Dubai government, made a net profit of 254 million dirhams ($69.2 million

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Dubai's CBD sees 20pc rise in Islamic deposits

Commercial Bank of Dubai's (CBD) Islamic operations expects deposit growth of 20 percent in 2011 as funds from the UAE and countries hit by unrest lifts deposits, its Islamic banking head said. CBD saw Islamic banking deposits climb to 10

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DED, CBD to offer e-payment option

The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option of paying fees electronically. This initiative aims at enhancing productivity, ensuring

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Dubai bank books $108m provisions

Commercial Bank of Dubai (CBD) said on Wednesday it booked 397 million dirhams ($108.1 million) in provisions against falling values of investments, resulting in 17.5 percent decline in 2008 profit. Net income for the year fell to 771

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Dubai bank sets $2bn EMTN programme

Commercial Bank of Dubai (CBD) has set up a debut $2 billion notes programme to help finance growth, although it is unlikely to draw on the plan at present due to current market conditions. "We are setting up an EMTN programme that allows

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