Commercial Bank International

Logotype for Commercial Bank International
Ticker/ISIN
CBI
AEC000101019
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

About Commercial Bank International

ABOUT CBI: Commercial Bank International (CBI) was incorporated in 1991 in the Emirate of Ras Al Khaimah, with its headquarter in Dubai. Today CBI operates a network of 8 branches and the total ATM’s are 21 spread across the UAE, with a growing presence in transactional banking and technology-driven delivery channels. The Bank offers a comprehensive portfolio of banking products, as well as tailor-made financial solutions in both Corporate and Retail Banking, ranging from personal account services to finance for homes and automobiles to commercial loans and project support. Supported by its strategic partnership with Qatar National Bank (QNB), the leading financial institution and largest bank in the MENA region, since the latter acquisition of 40% of CBI shares in 2012, and a renewed customer-centric approach, CBI remains well positioned for future growth. CBI’s shares are listed on the Abu Dhabi Securities exchange (ADX). For more information on CBI, please visit http://www.cbiuae.com

Latest Pressrelease Summaries from Commercial Bank International

Commercial Bank International (CBI) reported a net profit before tax of AED 254 million for the period ending September 30, 2024, marking an 81% increase year-on-year. The bank's net operating income for Q3 2024 was AED 278.5 million, up 90% from Q3 2023 and 115% from Q2 2024. For the nine-month period, net operating income grew by 27% year-on-year to AED 529 million. CBI's total assets increased by 12% to AED 21 billion, driven by an 8% rise in loans and advances. The loan-to-deposit ratio improved to 85%, and the capital adequacy ratio strengthened to 15.8%. CEO Ali Sultan Rakkad Al Amri attributed the results to strategic transformation, customer-centric innovation, and a disciplined approach to risk management. CBI plans to continue investing in digital transformation and enhancing product offerings.
The document is the Management Discussion and Analysis Report for Commercial Bank International's third quarter financial results in 2024.
Resolution No. 483 of 2024 concerns the temporary suspension of trading for the shares of Commercial Bank International (CBI) on the Abu Dhabi Securities Exchange (ADX). This decision is in accordance with Article 16 of the ADX Listing Regulations. The suspension will occur because the CBI Board of Directors is scheduled to meet at 11:00 on October 24, 2024, which coincides with the trading session. Trading in CBI shares will be halted from 11:00 on that date until ADX receives the results of the meeting. The resolution requires all ADX department heads to implement this decision within their areas of responsibility. It will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution has been approved by the authorized person and was issued on October 17, 2024.
The document is a review report and interim financial information for Commercial Bank International P.J.S.C., covering the six-month period ending on June 30, 2024.
Commercial Bank International (CBI) has released its financial results for the first half of 2024. The report includes a detailed management discussion and analysis, providing insights into the bank's financial performance and strategic initiatives during this period.
The document is a review report and interim financial information for Commercial Bank International P.J.S.C. for the six-month period ending on June 30, 2024.
Commercial Bank International (CBI) reported a 14% year-on-year increase in pre-tax net profit for the first half of 2024, rising from AED 78.9 million in H1-2023 to AED 89.9 million in H1-2024. Key financial highlights include a 24.6% increase in customer deposits, growing from AED 11.4 billion to AED 14.2 billion, and a 1.9% rise in loans and advances, from AED 12.3 billion to AED 12.5 billion. The capital adequacy ratio improved to 15.3% as of June 2024. CEO Ali Sultan Rakkad Al Amri attributed the strong performance to strategic initiatives and a customer-centric approach, emphasizing plans to enhance customer experience and support the UAE's economic prosperity in the future.
Resolution No. (436) of 2024 announces a temporary suspension of trading for Commercial Bank International (CBI) shares on the Abu Dhabi Securities Exchange (ADX). This suspension will start at 11:00 on July 25, 2024, coinciding with the CBI Board of Directors meeting, and will last until ADX receives the meeting results. The resolution mandates that all department heads at ADX implement this decision and that the resolution be distributed to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on July 18, 2024.

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Announcement of Board Meeting to be held on 15/01/2024 at 12:00

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Article of Association Amendment

The document is an electronic notice, referencing number 2023/345/خ/إ أ, dated 15/11/2023. It announces a modification to the basic system of the International Commercial Bank (a public joint-stock company). The changes to the bank's fundamental system were approved by the shareholders' general assembly, held legally on 23/20/3232. In response to a request from the International Commercial Bank, a certificate announcing the system's modification was issued in accordance with the law. The bank's basic system text has been amended as outlined in the attached version. This certificate will be published in the official journal and will be effective from its issuance date. The relevant financial market will be notified. The document is signed by Dr. Mariam Bati Al Suwaidi, the CEO.

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ADX News

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News Update From Commercial Bank International

ADX Disclosures: CBI Resumption Notice

The document is a review report and interim financial information for Commercial Bank International P.S.C. It covers the nine-month period ending on 30 September 2023. This content is publicly accessible and is likely of interest to those involved in finance and investing.

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ADX News

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Financial Results for the Period Ended September 30,2023

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Board Meeting Results held on 26/10/2023 at 11:00

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ADX News

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Management Discussion and Analysis Report for the Period Ended September 30,2023

The document presents the third quarter financial results of 2023 for Commercial Bank International, along with a discussion and analysis report from the management.

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ADX News

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News Update From Commercial Bank International

Disclosures: Commercial Bank International Press Release on the Financial Results for the Period Ended September 30,2023

Commercial Bank International (CBI) reported a 38% increase in its net profit for Q3 2023, rising from AED 45 million in Q2 to AED 62 million. The bank also noted a 65% increase in its operating profit, from AED 44 million in Q2 to AED 73 million in Q3, and a 20% increase in net operating income, from AED 122 million in Q2 to AED 147 million in Q3. CBI CEO, Ali Sultan Rakkad Al Amri, attributed these positive results to the bank's commitment to exceptional customer service and innovative solutions. CBI, headquartered in Dubai, offers a range of banking products and is listed on the Abu Dhabi Securities Exchange.

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ADX News

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News Update From Commercial Bank International

ADX Disclosures: Temporary suspension of trading on the shares of Commercial Bank International on 26 Oct 2023

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ADX News

ADX News

News Update From Commercial Bank International

Disclosures: Commercial Bank International Announcement of Board Meeting to be held on 26/10/2023 at 11:00

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ADX News

ADX News

News Update From Commercial Bank International

Disclosures: Disclosure regarding the General Assembly Meeting Convened on 12 July 2023 and the proposed increase of the issued share capital of Commercial Bank International (CBI) PJSC (the “Bank”) by way of a rights issue

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