Winners of the annual Emirates Labour Market Award spoke about how they plan to use the money to build their dream houses, start businesses
uae10 hours ago
Commercial Bank of Dubai (CBD) on Wednesday said its net profit in the first nine months of 2017 dropped 5.2 per cent year on year to Dh665 million due to higher provisions.
The bank said in a statement that its operating expenses grew by 4.4 per cent to Dh670 million while net impairment allowances increased 45 per cent to Dh203 million.
Its operating income rose 10.9 per cent to Dh1.9 billion on higher net interest income and non-interest income while operating profits also grew 14.5 per cent to Dh1.3 billion.
Total assets grew to Dh68.9 billion as at September 30, 2017, an increase of 10.9 per cent over the Dh62.2 billion as at September 30, 2016.
Loans and advances totalled Dh47.5 billion, an increase of 14.9 per cent when compared to Dh41.3 billion as at September 30, 2016. Personal banking loans reached Dh6.9 billion, an increase of 12 per cent, while corporate, commercial and business banking loans were at Dh40.5 billion, a 13.3 per cent increase when compared to Dh35.8 billion as at December 31, 2016.
Customers' deposits in the first nine months reached Dh47.5 billion, an increase of 13.1 per cent.
- waheedabbas@khaleejtimes.com
Winners of the annual Emirates Labour Market Award spoke about how they plan to use the money to build their dream houses, start businesses
uae10 hours ago
10 lucky fans will have the once-in-a-lifetime chance to meet the eight-division world champion
uae attractions11 hours ago
ASAS 2024 brought together over 1,000 young talents from 50 nationalities under the theme 'Art and Innovation'
kt network11 hours ago
While President-elect Trump's administration originally filed the search case against Google during his first term, he indicated he might not break up the company
tech11 hours ago
The gathering explored the cutting edge of cinema, new media, PR and marketing, IT technologies, eSports, and game development
kt network11 hours ago
Passengers were currently being prevented from entering the building
world12 hours ago
Users will be able to select transcript language, too; here's how the new smart tool works
tech12 hours ago
With the new tariff, Yango Ride users can expect comfortable, modern limo vehicles starting from a minimum fare of Dh15.6
kt network12 hours ago