Dubai’s CBI posts 4% rise in quarterly net profit

: Thursday, May 01 - 2014 @ 10:28

Dubai-based Commercial Bank International (CBI) has posted a 4% increase in net profit for the first quarter of 2014 to Dhs72.8m from Dhs70.1m in the same quarter last year, Gulf News has reported. The bank’s total assets grew 4% to Dhs15.4bn by the end of March 2014 from Dhs14.8bn at the end of December 2013. Loans and advances increased by 2% to Dhs10.8bn, compared with Dhs10.6bn at the end of December 2013, while customer deposits reached Dhs10.3bn by the end of March 2014, against Dhs10.5bn in December 2013.

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Thursday, May 1- 2014 @ 10:28 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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