Business
Commercial Bank International : CBI’s Pre-Tax Profits Increase by 13% to AED 45.7 Million
Commercial Bank International : CBI’s Pre-Tax Profits Increase by 13% to AED 45.7
About this update from Commercial Bank International
[{"type":"text","content":"\n \n CBI's Pre-Tax Profits Increase by 13% to AED 45.7 Million\n \n \n \n Abu Dhabi, UAE - [30thApril 2025]: Commercial Bank International PJSC (\"CBI\" or \"the Bank\") (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, today announced its financial results for the first quarter of 2025, demonstrating continued growth and a positive start to the year. CBI's solid performance is the direct result of its ongoing strategic transformation and unwavering commitment to customer-centricity.\n For Q1 2025, CBI reported a net operating income of AED 207.7 million and a pre-tax net profit of AED 45.7 million, marking a 13% year-on-year (YoY) increase in profitability. The growth has been largely fuelled by prudent balance sheet management, as well as gains from the sale of non-core assets.\n \n \n Total assets grew to AED 20.6 billion registering a 8% YoY increase. Customer deposits grew by 21% YoY to AED 15.3 billion, further enhancing the Bank's liquidity position and loan to deposit ratio to 87%. CBI's capital adequacy ratio held strong at 17.6%, reinforcing the Bank's financial resilience and its ability to support continued expansion.\n \n \n Effective balance sheet management bolstered profit margins, while the ongoing resolution of legacy issues further improved asset quality and capital allocation. These efforts, combined with the Bank's steadfast dedication to customer-centricity, have strengthened CBI's position as a trusted financial partner.\n \n \n Commenting on the results, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, stated:\n \n \n \"Our Q1 2025 performance is a key reflection of our ongoing transformation, which remains centred on delivering long-term value for our customers, shareholders and stakeholders. We are pleased to be able to report sustained growth, as our focus on customer-centricity, partnership-driven innovation and operational efficiency continues to yield positive results.\n \n \n As we progress through 2025, we are fully committed to maintaining this momentum and solidifying CBI's position as a future-ready bank. With innovation at the forefront, our exceptional team is dedicated to advancing our ongoing transformation, further enriching our product offerings and expanding our customer base. With a secure foundation already in place, we are confident in our ability to achieve ...