Dubai Commercial Bank announced a net profit of 1.45 billion dirhams

According to Amac News: CBD said that the six-month profit of this bank has increased by 30% compared to the same period last year.
The bank said strong growth in its loans in the first half of 2024 led to a solid net profit result, supported by non-financing income and a lower cost of risk, which more than offset higher costs.
UAE business activity, population growth and business confidence are positive and are expected to remain supportive in the coming periods.
Commenting on the bank's performance, Chief Executive Dr. Brand van Linder said the bank remains focused on executing the bank's strategy and is well positioned to continue to deliver on its strategic goals and high-quality performance for the remainder of 2024 and beyond.
Other CBD highlights for the first half of the year include an increase in operating income to AED 2.710 billion, up 10.1 percent year-on-year due to net interest, fee and commission income, while operating profit to AED 2.066 billion, up 9.8 percent year-on-year. Receipt.