Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) amounted to AED 431.33 million in the first quarter (Q1) of 2022, up 32.6% year-on-year (YoY) from AED 325.02 million, according to the company's consolidated interim financials the three-month period ended 31 March 2022.
The bank's net interest income and net income from Islamic financing increased to AED 543.21 million in Q1-22 from AED 476.11 million in the year-ago period.
The lender's assets reached AED 119.03 billion as of 31 March 2022, compared to AED 114.21 billion as of 31 December 2021.
The basic and diluted earnings per share (EPS) stood at AED 0.15 in the first three months (3M) of 2022, against AED 0.12 in the corresponding period of 2021.
It is noteworthy to mention that in 2021, CBD's net profits increased by 29.5% to AED 1.45 billion, compared to AED 1.12 billion in 2020.
