Commercial Bank of Dubai (CBD) – 30 Most Valuable Banks 2024 – Forbes Lists – Forbes Middle East
- Date: 10-Apr-2024
- Source: Forbes
- Sector:Financial Services
- Country:UAE
Commercial Bank of Dubai (CBD) – 30 Most Valuable Banks 2024 – Forbes Lists – Forbes Middle East
Established in 1969, CBD offers conventional and Islamic banking products and services. It operates through a network of 14 branches and 167 ATMs and CDMs. The bank's net profit jumped by 45. 2% in 2023 to $721. 6 million, while its total assets stood at $35. 1 billion. In June 2023, CBD raised $500 million through its inaugural green bond issuance. The Investment Corporation of Dubai is the largest shareholder, with a 20% stake.