Commercial Bank International (CBI) recorded total revenues of Dh703 million for 2024, a 29% year-on-year increase driven by higher business volumes and the resolution of key legacy issues. The bank’s pre-tax profit rose 30% to Dh222.70 million during the same period.
Basic and diluted earnings per share grew to Dh0.10, up from Dh0.09 in 2023. CBI’s total assets increased by 10% to Dh20.90 billion, while customer deposits rose 22%, enhancing liquidity and improving the loan-to-deposit ratio to 89%.
CEO Ali Sultan Rakkad Al Amri stated, “By expanding our assets and revenues, optimising operations, and embracing digital transformation, we have established a solid foundation for sustainable growth.”
As of 30 September 2024, the bank’s net operating income was Dh278.50 million.
