Английская Википедия:Commercial Bank of Dubai

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Шаблон:Short description Шаблон:More citations needed Шаблон:Infobox company Commercial Bank of Dubai (CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than Шаблон:USD in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets.[1] It also figures in the Dubai Financial Market index.[2][3][4]

History

CBD was founded in 1969, by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum. What started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, evolved into a National Public shareholding company by 1982. 80% of its shares are held by UAE nationals, while the other 20% are owned by Investment Corporation of Dubai (an investment division of the Dubai Government).[5][6][7]

CBD provides Wholesale, Corporate, Retail, Business, SME, Private and Affluent banking services.[8]

Financial data

In 2019, Commercial Bank of Dubai reported a net profit of AED 1,400 million, an increase of 20.5% over 2018, and total assets of AED 88.1 billion. Operating income for 2019 amounted to AED 3,033 million, an increase of 11.3% attributable to a 2.8% increase in Net Interest Income (NII) and a 31.2% increase in Other Operating Income (OOI). Fees and commission income increased by 21.3%, foreign exchange income registered a 37.7% increase, investment income increased by 179.4%, and other income increased by 53.3% compared to 2018. CBD has a credit rating of Baa1 and A− by Moody & Fitch respectively.[9]

External links

Шаблон:Portal

References

Шаблон:Reflist

Шаблон:Authority control

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