Abu Dhabi – Mubasher: The net profits attributable to the owners of Commercial Bank International (CBI) jumped to AED 32.82 million in the first quarter (Q1) of 2023, compared to AED 21.23 million in Q1-22.
The lender posted a net operating income valued at AED 147.65 million in Q1-23, an annual growth of 33% from AED 110.77 million, according to the consolidated financial results.
Basic and diluted earnings per share (EPS) hit AED 0.019 as of 31 March 2023, higher than AED 0.012 in the year-ago period.
In the first three months (3M) of 2023, the total assets and clients’ deposits amounted to AED 19.68 billion and AED 11.39 billion, respectively.
Ali Sultan Rakkad Al Amri, CEO of CBI, said: “Our commitment to client-centricity remains unwavering and we continue to prioritize providing the highest-quality services to our customers.”
“By constantly striving to understand our customers’ evolving needs and leveraging innovative solutions to enhance our offerings, we are able to deliver exceptional customer service in line with solid business growth,” Al Amri noted.
The CEO underlined: “Our customer experience focused business model has delivered a net profit of AED 34 million in the first quarter. As we move forward, we remain steadfast in our commitment to supporting the development of the UAE economy and helping our clients achieve their growth aspirations.”
Last year, CBI achieved net profits attributable to the shareholders valued at AED 117.23 million, down from AED 121.77 million in January-December 2021.
