CBD logs 20.5% higher net profits in 2019

CBD logs 20.5% higher net profits in 2019

Dubai - Mubasher: The net profits of Commercial Bank of Dubai (CBD) surged by 20.5% year-on-year (YoY) to AED 1.4 billion in 2019, compared to AED 1.162 billion in 2018.. The lender's operating income for 2019 amounted to AED 3.033 billion, up 11.3% due to an increase in net interest income and other operating income by 2.8% and 31.2%, respectively.. It is noteworthy to mention that during the third quarter of 2019 , the CBD's net profit reached AED 362 million, compared to AED 361 million in the same period the prior year..