Abu Dhabi – Mubasher: Commercial Bank International (CBI) recorded a 44% year-on-year (YoY) surge in net profit to AED 78.88 million during the first half (H1) of 2023 from AED 55.04 million.
The basic and diluted earnings per share (EPS) went up to AED 0.04 in H1-23 from AED 0.03 in H1-22, according to the consolidated financial results.
Net operating income stood at AED 269.87 million in the first six months (6M) of 2023, marking a YoY rise from AED 268.39 million.
As of 30 June 2023, the customers’ deposits reached AED 10.46 billion, while the total assets hit AED 19.45 billion.
Income Statements for Q2-23
In the second quarter (Q2) of 2023, the ADX-listed bank registered a net profit worth AED 44.84 million, an annual jump from AED 35.42 million.
Total operating income declined to AED 122.22 million in Q2-23 from AED 157.62 million in the year-ago period, while the basic and diluted EPS inched up to AED 0.026 from AED 0.020.
During the January-March 2023 period, the UAE lender logged net profits attributable to the shareholders worth AED 32.82 million, higher than AED 21.23 million in Q1-22.
