CBD nine-month pre-tax profit rises 4.1% to Dh2.95b

Dubai-based Commercial Bank of Dubai (CBD) reported a record pre-tax profit of Dh2.95 billion for the first nine months of 2026, marking a 4.1% increase from the previous year. Most of the gains were recorded in the third quarter, where the bank's pre-tax profit reached Dh1.06 billion, a 9.2% rise compared to the prior quarter. Net profit after tax also increased by 9.4% to Dh969 million.

The nine-month period saw operating income at Dh4.44 billion, up 0.9%, and non-funded income grew by 2.6% due to higher fees. Net interest income increased by 0.2% as loans and low-cost current and savings account deposits expanded. Operating expenses grew by 1.4% to Dh1.18 billion, attributed to digitisation, technology, governance, and compliance spending.

The bank's cost-to-income ratio is currently 26.53%. The company's total assets reached Dh167.9 billion by September 30, a 4.7% increase from December 31, with net loans and advances growing by 8.5% to Dh109.6 billion. Customer deposits rose by 0.7% to Dh112.2 billion, with CASA deposits accounting for 50% of the total. The loan-to-deposit ratio stands at 97.75%.

The capital adequacy ratio is 15.53%, higher than the Central Bank of the UAE's minimum requirements, while the Tier 1 ratio is 14.39% and the Common Equity Tier 1 ratio is 12.71%, also above the minimum. CBD's Chief Executive Officer, Dr. Bernd van Linder, highlighted the bank's focus on executing strategic priorities and investing in AI, innovation, and digitisation to deliver sustainable long-term value for shareholders, customers, and stakeholders.