Arab Today, arab today commercial bank rise in profits
Last Updated : GMT 07:45:36
Arab Today, arab today
Arab Today, arab today

Commercial Bank rise in profits

Arab Today, arab today

Arab Today, arab today Commercial Bank rise in profits

Dubai - Arabstoday

Commercial Bank of Dubai has announced that net profit after provisions for non-performing loans for H1-2011 was up 2 percent over the same period in 2010 to AED 523 Million. Earnings per share were AED 0.27 for the first 6 months. Return on Average Equity remains consistently high at 18.15 percent while the return on Average Assets is one of the highest in the industry at 2.73 percent. Bank\'s total assets have reached AED38.1 billion as at the end of June, reflecting a 3.2 percent growth over the end of June 2010. The loans and advances reduced slightly to AED26.1bn while customers\' deposits marginally increased by 0.25 percent to AED28.1bn. The bank enjoys a comfortable liquidity position. Capital Adequacy Ratio at 23.32 percent one of the highest in the UAE industry. The loan to deposits saw a little drop, ratio (LDR) is at 92.8 percent against 93 percent as at December 2010. The bank said in a statement that it continues to proactively manage credit quality and impaired loans, with the impairment charge for the first half of 2011 dropping by 14 percent to AED153m. Continued investments in its people, branches and systems combines with a strategic focus to enhance efficiency resulted in a better than average market efficiency ratio of 29.7 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today commercial bank rise in profits Arab Today, arab today commercial bank rise in profits

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today commercial bank rise in profits Arab Today, arab today commercial bank rise in profits

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday