Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has logged net profits worth AED 866.38 million in the first half (H1) of 2022, an annual jump of nearly 28.10% from AED 676.05 million.
The basic and diluted earnings per share (EPS) rose to AED 0.29 in H1-22 from AED 0.22 in H1-21, according to the income statements on Wednesday.
Furthermore, the bank's net interest income and net income from Islamic financing enlarged to AED 1.13 billion in the January-June 2022 period, compared to AED 1 billion in the year-ago period.
The total operating income amounted to AED 1.73 billion in H1-22, a 10.30% year-on-year (YoY) increase from AED 1.57 billion. Meanwhile, the assets reached AED 117.53 billion in H1-22, up 4.20% YoY from AED 112.76 billion.
In the second quarter (Q2) of 2022, the net profits soared to AED 435.05 million from AED 351.03 million in Q2-21. The basic and diluted EPS grew to AED 0.13 in Q2-22 from AED 0.10 in Q2-21.
The Q2-22 net interest income and net income from Islamic financing stood at AED 589.77 million, compared to AED 533.74 million in Q2-21.
Additionally, the UAE-based lender registered AED 875.12 million in total operating income during Q2-22, higher than AED 841.50 million in Q2-21
In the first three months (3M) of 2022, CBD posted net profits worth AED 431.33 million, an annual surge of 32.60% from AED 325.02 million.
