17 Hrs
الاقتصادية - CNN
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الاقتصادية

2026-11-02T17:47:00.000Z

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الاقتصادية - CNN

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CIB Pre-Tax Profit Up 58%

CIB Pre-Tax Profit Up 58%

Commercial Bank International, listed on the Abu Dhabi Securities Exchange, recorded a 58% increase in profit before tax in the first nine months of 2026, reaching AED 172.5 million. The growth was supported by balance-sheet expansion, higher net interest income and the resolution of outstanding cases from previous periods. Net interest income rose 7% to AED 309.5 million, while assets grew 10% to AED 23 billion. The bank also recorded net recoveries of AED 31.5 million from impairment provisions. Its capital adequacy ratio stood at 16.8% in the third quarter. The CEO said the bank would continue to focus on cost control, asset quality and sustainable growth.

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