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

May 1, 2014 10:28 am

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.