CBD Marks Twenty Consecutive Quarters of Profit Growth with Record H1 2025 Earnings
The Bank reported a net profit before tax of AED 1.862 billion, representing a 16.7% increase compared to the same half last year.
CBD's strong growth was further underscored by its total assets surpassing AED 150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic expansion supported by public sector investments and population growth. Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed AED 150 billion are significant milestones for CBD,
said Dr. Bernd van Linder, Chief Executive Officer. Our consistent performance over the past five years, despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions, demonstrates the strength of our strategy and our continued commitment to customers. We are pleased with the latest performance which is a testament to our disciplined growth and market leadership. We remain focused on delivering on our strategic targets for 2025 and beyond.
CBD's transformation agenda continues to deliver results. The Bank recorded its highest SME Net Promoter Score in over three years for H1 2025, following enhancements to onboarding and service delivery.
At the same time, CBD's leadership in innovation was recognised through multiple industry awards, including Best Digitisation Initiatives, Best Mobile Banking Services, and Best Technological Innovation in Financial Services, affirming its digital-by-design ethos.
The Bank also supported national initiatives such as Aani payments and the 'Xport Xponential' programme by Etihad Credit Insurance, reinforcing its alignment with the UAE's vision for financial innovation and inclusion.
Now in its sixth decade, CBD continues to deliver top-quartile returns, with a return on equity of 22.6%, a cost-to-income ratio of 26.5%, and improved asset quality. With a robust capital base and a clear digital-first strategy, CBD is well-positioned to sustain its growth trajectory and back the nation's ambition.
Source: Ogilvy
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ARN News Center
4 hours ago
- ARN News Center
TECOM Group delivers strong H1 results with AED 737 million profit
TECOM Group has posted strong financial results for the first half of 2025, reporting a 22 per cent jump in net profit year-on-year to AED 737 million. The Group, which operates 10 specialised business districts across Dubai, also posted a 21 per cent rise in revenue, reaching AED 1.4 billion, driven by higher rental rates, strong occupancy and returns from strategic asset acquisitions. Earnings before interest, tax, depreciation and amortisation (EBITDA|) climbed 24 per cent to AED 1.1 billion, with the Group's EBITDA margin improving to 80 per cent, reflecting continued operational efficiency. Funds from operations also saw a 17 per cent boost, reaching AED 984 million, further highlighting strong portfolio performance and revenue quality. In line with its dividend policy, TECOM's Board has approved an interim cash dividend of AED 400 million for the first half of the year. The results reinforce TECOM Group's position as a key player in Dubai's business landscape, supporting vital sectors and strengthening the UAE's role as a global investment hub. TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million, driven by strategic expansion and strong performance across business segments. — Dubai Media Office (@DXBMediaOffice) August 1, 2025 H1 2025 Operational Highlights In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent which today generates 65% of Dubai's technology sector GDP. In May, Pure Ice Cream commenced construction on its AED 80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector. Dubai Media City supported the launch of Dubai Press Club's Arab Media Outlook – Future Vision report at Arab Media Summit in May. Dubai Design District (d3) marked more than a decade of enabling design excellence at a special celebratory event, during which the district launched the d3 Awards, a prestigious award platform to celebrate industry talent in the region. IMCD, a global leader in specialty chemicals and ingredients, expanded its Middle East presence with new offices and Technical Centres in Dubai Science Park in June. In April, Dubai Knowledge Park and Dubai International Academic City showcased business opportunities at China International Education Exhibition Tour as part of a delegation led by Dubai's Knowledge and Human Development Authority (KHDA), in partnership with Dubai Department of Economy and Tourism (DET) and Dubai Chambers.
Dubai Eye
5 hours ago
- Dubai Eye
TECOM Group delivers strong H1 results with AED 737 million profit
TECOM Group has posted strong financial results for the first half of 2025, reporting a 22 per cent jump in net profit year-on-year to AED 737 million. The Group, which operates 10 specialised business districts across Dubai, also posted a 21 per cent rise in revenue, reaching AED 1.4 billion, driven by higher rental rates, strong occupancy and returns from strategic asset acquisitions. Earnings before interest, tax, depreciation and amortisation (EBITDA|) climbed 24 per cent to AED 1.1 billion, with the Group's EBITDA margin improving to 80 per cent, reflecting continued operational efficiency. Funds from operations also saw a 17 per cent boost, reaching AED 984 million, further highlighting strong portfolio performance and revenue quality. In line with its dividend policy, TECOM's Board has approved an interim cash dividend of AED 400 million for the first half of the year. The results reinforce TECOM Group's position as a key player in Dubai's business landscape, supporting vital sectors and strengthening the UAE's role as a global investment hub. TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million, driven by strategic expansion and strong performance across business segments. — Dubai Media Office (@DXBMediaOffice) August 1, 2025 H1 2025 Operational Highlights In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent which today generates 65% of Dubai's technology sector GDP. In May, Pure Ice Cream commenced construction on its AED 80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector. Dubai Media City supported the launch of Dubai Press Club's Arab Media Outlook – Future Vision report at Arab Media Summit in May. Dubai Design District (d3) marked more than a decade of enabling design excellence at a special celebratory event, during which the district launched the d3 Awards, a prestigious award platform to celebrate industry talent in the region. IMCD, a global leader in specialty chemicals and ingredients, expanded its Middle East presence with new offices and Technical Centres in Dubai Science Park in June. In April, Dubai Knowledge Park and Dubai International Academic City showcased business opportunities at China International Education Exhibition Tour as part of a delegation led by Dubai's Knowledge and Human Development Authority (KHDA), in partnership with Dubai Department of Economy and Tourism (DET) and Dubai Chambers.
Broadcast Pro
9 hours ago
- Broadcast Pro
E& reports 23.3% increase in consolidated revenue to $9.50bn in H1 2025
During H1 2025, Starz ON surpassed 10m installs, a nearly five-fold increase compared to the previous year, and added 2.4m new installs quarter-over quarter. E& has reported strong financial results for the first half of 2025. Consolidated revenues rose 23.3% year-on-year to AED 34.9bn ($9.50bn), while net profit surged by 60.7% to AED 8.8bn. EBITDA grew by 18.8% to AED 15.4bn, with a healthy EBITDA margin of 44.1%. The Group's subscriber base climbed to 198m, a 13.1% increase from the same period last year. In the UAE, e& UAE maintained momentum with 15.5m subscribers, reflecting growing demand for high-speed connectivity, AI-driven services, and digital experiences. The company credited its performance to strategic initiatives and investments across AI, cloud computing, digital finance, cybersecurity, and more. On the entertainment front, Starz ON recorded explosive growth, exceeding 10m installs—a fivefold increase year-on-year—with 2.4m added in the last quarter alone. Monthly active users more than doubled to 660,000. The platform strengthened its 'Home of Sports' positioning by securing exclusive rights to major tournaments including the IPL, Asia Cup, UFC, and PFL. Additionally, it introduced a shoppable TV feature in collaboration with Trendyol, enabling viewers to purchase products directly from streamed content. In a strategic move into original content, evision launched evision Studios during the first quarter, marking a major milestone in the Group's media ambitions. Among its inaugural Ramadan releases were 'Flavours from the Heart' and 'Coffee & Cartoons,' both designed to enhance cultural relevance and viewer engagement. The digital lifestyle ecosystem also saw continued expansion through Careem Technologies. The platform's total GTV surged by 117% year-on-year, with GTV per user growing by 74%. Careem+ members accounted for over half of the total GTV, indicating strong user loyalty. AI-powered enhancements enabled automation of more than 75% of customer chat interactions, while geographic expansion into cities such as Al Ain and Riyadh extended its footprint in the food and grocery delivery space. H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said: 'In the first half of 2025, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board's strategic foresight. 'In H1, e& continued its growth trajectory, delivering consolidated revenue of AED 34.9bn—a year-on-year increase of 23.3%—and achieving consolidated net profits of AED 8.8bn, up 60.7% compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers. We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation's digital economy. 'Thanks to the UAE's visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve.' Hatem Dowidar, Group Chief Executive Officer, e&, added: 'e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth. Revenues in Q2 and H1 increased by 28.1% year-over-year to AED 18bn and by 23.3% to AED 34.9bn, respectively. Our EBITDA grew by 18.8% to AED 15.4bn in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation. 'We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions. We also became one of the first companies to earn the 'Tier S' designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries. 'Our progress was further recognised internationally, with e& named the world's Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence. 'As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve.' In the first half of 2025, e& life sustained strong growth momentum, setting new standards across fintech, entertainment, and digital lifestyle segments, propelled by innovation and AI-led transformation. The fintech arm, e& money, achieved significant milestones, with Gross Transaction Value (GTV) tripling year-over-year. The platform issued over 1.25m cards and surpassed 1.9m registered users, while remittance GTV rose more than threefold, reinforcing its leadership in UAE's digital payments space. Meanwhile, neobank Wio Bank continued its rapid expansion, gaining traction among individual and SME customers alike. It was named the Middle East's Best Digital Bank by Euromoney in 2025 and formed a strategic alliance with Network International to offer enhanced digital credit solutions for SMEs. In partnership with First Abu Dhabi Bank (FAB), e& money introduced IBAN accounts for all users, enabling seamless local transfers and wallet top-ups via the app. This development not only elevated the platform's integrated banking capabilities but also advanced financial inclusion, particularly among unbanked populations, by offering no-minimum-balance, fee-free digital banking services. Further diversifying its fintech offerings, e& money teamed up with SafeGold to launch the UAE's first digital gold investment product. Through the app, users can invest in 24-karat gold starting at just AED 10, with the flexibility to sell holdings anytime and instantly credit returns to their digital wallets—making gold investment more accessible and user-friendly. Key developments included the acquisition of Serbia Broadband to expand operations in Central and Eastern Europe, and the divestments of Khazna and Airalo to strengthen the balance sheet. The Group also secured global recognition from Brand Finance as the 'World's Fastest Growing Brand' and became one of the first companies to receive the Tier S rating under Dubai's AI Seal for responsible AI governance. e& enterprise expanded its digital transformation capabilities through partnerships with Microsoft, Emeritus, Exeed Industries, and others. It launched new AI-powered platforms in customer engagement, healthcare, and cybersecurity, with Help AG introducing advanced threat intelligence systems and winning multiple regional awards. e& international continued its global push with the Serbia Broadband acquisition and increased investment across Saudi Arabia, Egypt, Pakistan and European subsidiaries. Notable moves included Mobily's SAR 3.4 billion infrastructure spend and e& Egypt's launch of the country's first 5G and international digital remittance services. e& UAE spearheaded innovation in AI and 6G technologies, launched a region-first AI telecom tower drone inspection system, and introduced AI-powered customer service tools. Its fixed network remained the global leader in fibre coverage, and its mobile network achieved the world's fastest download speed per Ookla rankings. The Group also advanced digital inclusion and sustainability through initiatives such as free public Wi-Fi in Dubai, tech SME support, and AI training programmes. Customer satisfaction improved markedly, with a 20% increase in Net Promoter Score. Looking ahead, e& aims to scale its transformation by harnessing advanced technologies, forging new partnerships, and driving digital and societal impact across its global markets.
