Friday, August 1, 2025
Today’s News

According to CBI, the First Half of 2025 had a Pre-Tax net Profit of Dh93 Million

Leading UAE bank Commercial Bank International said on Thursday that its pre-tax net profit climbed from Dh90 million in H1-24 to Dh93 million in H1-25, a 4% YoY rise. The Bank’s pre-tax net profit for the second quarter of 25 was Dh48 million. Operating profit grew by 34% YoY in Q2-25 from Dh33 million to Dh45 million, and by 134% YoY from Dh68 million in H1-24 to Dh158 million in H1-25, thanks to profits on the sale of non-core assets.

From Dh12.5 billion as of June 24 to Dh12.9 billion as of June 25, net loans and advances increased by 3%. From Dh14.2 billion as of June 24 to Dh15.2 billion as of June 25, customer deposits increased by 7%. During H1’25, the mix of deposits improved favorably, and the CASA ratio improved 6% year over year, allowing CBI to maintain an ideal financing structure.

The equity position strengthened, causing the capital adequacy ratio to rise from 15.3% as of June 24 to 17.6% as of June 25. Our H1 2025 results, supported by consistent performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas,” said Commercial Bank International CEO Ali Sultan Rakkad Al Amri.

Also Read:

Australia Will Include YouTube in its Ban on Teen Social Media

India’s AI-driven Tech Dismissals may Derail Middle-Class Dreams

 

INTERVIEW

Press Release

Letest News

Health

Lifestyle

Business

Technology

Friday, August 1, 2025

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved