Dubai – Mubasher: The Commercial Bank of Dubai (CBD) reported a 27.5% rise in net profits to AED 676.055 million during the first half (H1) of 2021, compared to AED 530.431 million in the year-ago period, as shown by the bank's consolidated interim financials for the six-month period ended 30 June 2021.
The bank's net interest income and net income from Islamic financing jumped to AED 1.009 billion in H1-21 from AED 929.43 million in H1-20.
The bank's operating income recorded AED 1.572 billion during the first six months of 2021, up 11.4% from AED 1.411 billion in the year-ago period.
The bank's assets increased to AED 112.766 billion as of 30 June 2021, versus AED 97.361 billion as of 31 December 2020.
During the second quarter (Q2) of 2021, the bank's net profits increased to AED 351.033 million from AED 215.108 million in the corresponding quarter of 2020.
It is noteworthy to mention that during the first quarter (Q1) of 2021, CBD's net profits increased by 3.1% to AED 325.022 million, compared to AED 315.323 million in the year-ago period.
