Latest news with #AliSultanRakkadAlAmri
Al Bawaba
01-08-2025
- Business
- Al Bawaba
CBI reports pre-tax net profit of AED 93m in H1'25, up 4% Year-on-Year and AED 48m for Q2'25
Commercial Bank International PJSC ('CBI' or 'the Bank') (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, has today announced its financial results for the first half of 2025. Key Financial Highlights H1 2025:• Pre-tax net profit increased by 4% YoY from AED 90 million in H1-24 to AED 93 million in H1-25. The Bank reported pre-tax net profit of AED 48 million for Q2-25• Operating profit increased by 134% YoY from AED 68 million in H1-24 to AED 158 million in H1-25 aided by gains on non-core asset disposals and by 34% in Q2-25 YoY from AED 33 million to AED 45 million• Net loans and advances grew by 3% from AED 12.5 billion as at Jun'24 to AED 12.9 billion as at Jun'25• Customer deposits grew by 7% from AED 14.2 billion as at Jun'24 to AED 15.2 billion as at Jun'25. Deposits mix improved favourably during H1'25 with the CASA ratio improving 6% YoY enabling CBI to maintain an optimal funding structure• Capital adequacy ratio improved from 15.3% as at Jun'24 to 17.6% as at Jun'25, driven by an improvement in the equity positionAli Sultan Rakkad Al Amri, CEO of Commercial Bank International, commented: 'Our H1 2025 results, underpinned by steady performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas.'He added: 'The numbers also reflect the strength of the customer relationships we are building across the UAE. At CBI, we remain relationship-driven, committed to building lasting customer relationships and delivering a banking experience that is tailored, relevant and responsive. We will carry on actively enhancing our service offerings, providing refined solutions that align with the needs of individuals and businesses across the UAE. As we look to the future, we will continue to build with agility, innovation and valued-led partnerships.' Amid global market changes and regional shifts, CBI's performance is indicative of a disciplined approach to growth – measured, sustainable and grounded in deep market understanding and customer insight. With a stable foundation and sharp strategic direction, CBI is well positioned to support long-term growth, delivering value to both its customers and stakeholders. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
01-08-2025
- Business
- Zawya
CBI reports pre-tax net profit of $25mln in H1'25
ABU DHABI: Commercial Bank International (CBI) today announced its financial results for the first half of 2025. Pre-tax net profit increased by 4% YoY from AED90 million in H1-24 to AED93 million in H1-25. The Bank reported pre-tax net profit of AED48 million for Q2-25 The operating profit increased by 134% YoY from AED68 million in H1-24 to AED158 million in H1-25 aided by gains on non-core asset disposals and by 34% in Q2-25 YoY from AED33 million to AED45 million Bank's net loans and advances grew by 3% from AED12.5 billion as at Jun'24 to AED12.9 billion as at Jun'25. Customer deposits grew by 7% from AED14.2 billion as at Jun'24 to AED15.2 billion as at Jun'25. The deposits mix improved favourably during H1'25 with the CASA ratio improving 6% YoY enabling CBI to maintain an optimal funding structure. The capital adequacy ratio improved from 15.3% as at Jun'24 to 17.6% as at Jun'25, driven by an improvement in the equity position Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, commented, 'Our H1 2025 results, underpinned by steady performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas.' He added, 'The numbers also reflect the strength of the customer relationships we are building across the UAE. At CBI, we remain relationship-driven, committed to building lasting customer relationships and delivering a banking experience that is tailored, relevant and responsive. We will carry on actively enhancing our service offerings, providing refined solutions that align with the needs of individuals and businesses across the UAE. As we look to the future, we will continue to build with agility, innovation and value-led partnerships.' Amid global market changes and regional shifts, CBI's performance is indicative of a disciplined approach to growth, measured, sustainable and grounded in deep market understanding and customer insight. With a stable foundation and sharp strategic direction, CBI is well positioned to support long-term growth, delivering value to both its customers and stakeholders.
Khaleej Times
31-07-2025
- Business
- Khaleej Times
CBI reports pre-tax net profit of Dh93m in the first half of 2025
Commercial Bank International, a leading UAE bank, on Thursday announced that pre-tax net profit increased by 4 per cent YoY from Dh90 million in H1-24 to Dh93 million in H1-25. The Bank reported pre-tax net profit of Dh48 million for Q2-25. Operating profit increased by 134 per cent YoY from Dh68 million in H1-24 to Dh158 million in H1-25 aided by gains on non-core asset disposals and by 34 per cent in Q2-25 YoY from Dh33 million to Dh45 million. Net loans and advances grew by 3 per cent from Dh12.5 billion as at Jun'24 to Dh12.9 billion as at Jun'25. Customer deposits grew by 7 per cent from Dh14.2 billion as at Jun'24 to Dh15.2 billion as at Jun'25. Deposits mix improved favourably during H1'25 with the CASA ratio improving 6 per cent YoY enabling CBI to maintain an optimal funding structure Capital adequacy ratio improved from 15.3 per cent as at Jun'24 to 17.6 per cent as at Jun'25, driven by an improvement in the equity position Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, commented: 'Our H1 2025 results, underpinned by steady performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas.' He added: 'The numbers also reflect the strength of the customer relationships we are building across the UAE. At CBI, we remain relationship-driven, committed to building lasting customer relationships and delivering a banking experience that is tailored, relevant and responsive. We will carry on actively enhancing our service offerings, providing refined solutions that align with the needs of individuals and businesses across the UAE. As we look to the future, we will continue to build with agility, innovation and valued-led partnerships.'
Zawya
31-07-2025
- Business
- Zawya
CBI reports pre-tax net profit of AED93mln in H1'25, up 4% Year-on-Year and AED48mln for Q2'25
Abu Dhabi, UAE – Commercial Bank International PJSC ('CBI' or 'the Bank') (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, has today announced its financial results for the first half of 2025. Key Financial Highlights H1 2025: Pre-tax net profit increased by 4% YoY from AED 90 million in H1-24 to AED 93 million in H1-25. The Bank reported pre-tax net profit of AED 48 million for Q2-25 Operating profit increased by 134% YoY from AED 68 million in H1-24 to AED 158 million in H1-25 aided by gains on non-core asset disposals and by 34% in Q2-25 YoY from AED 33 million to AED 45 million Net loans and advances grew by 3% from AED 12.5 billion as at Jun'24 to AED 12.9 billion as at Jun'25 Customer deposits grew by 7% from AED 14.2 billion as at Jun'24 to AED 15.2 billion as at Jun'25. Deposits mix improved favourably during H1'25 with the CASA ratio improving 6% YoY enabling CBI to maintain an optimal funding structure Capital adequacy ratio improved from 15.3% as at Jun'24 to 17.6% as at Jun'25, driven by an improvement in the equity position Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International, commented: 'Our H1 2025 results, underpinned by steady performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas.' He added: 'The numbers also reflect the strength of the customer relationships we are building across the UAE. At CBI, we remain relationship-driven, committed to building lasting customer relationships and delivering a banking experience that is tailored, relevant and responsive. We will carry on actively enhancing our service offerings, providing refined solutions that align with the needs of individuals and businesses across the UAE. As we look to the future, we will continue to build with agility, innovation and valued-led partnerships.' Amid global market changes and regional shifts, CBI's performance is indicative of a disciplined approach to growth – measured, sustainable and grounded in deep market understanding and customer insight. With a stable foundation and sharp strategic direction, CBI is well positioned to support long-term growth, delivering value to both its customers and stakeholders. CBI Awards for H1 2025 Outstanding Contribution to Fintech Enablement and Digital Payments Infrastructure in the UAE World Union for Arab Bankers Most Innovative Sustainable Partnership Middle East & North Africa Stevie Awards Most Innovative Corporate Bank 2025 UAE Business Awards 2025 MEA Markets Banking Innovations Excellence Award 2025 UAE Business Awards 2025 Abo ut Commercial Bank International (CBI) Commercial Bank International (CBI) is a leading UAE bank dedicated to empowering businesses and individuals through innovative, personalised, and growth-focused banking solutions. Established in 1991 and headquartered in Dubai, CBI offers a diverse range of services, including corporate, retail, and Islamic banking solutions. Leveraging its innovative capabilities, CBI provides bespoke banking services to help clients achieve their ambitions. CBI is listed on the Abu Dhabi Securities Exchange (ADX) and is regulated by the Central Bank of the UAE and the Securities and Commodities Authority (SCA). In recognition of its client-centric culture and dedication to driving innovation in the banking sector, CBI has received numerous awards for innovation in technology and financial services, winning multiple Stevie Awards including Most Innovative Sustainable Partnership, and Outstanding Contribution to Fintech Enablement and Digital Payments Infrastructure in the UAE from the World Union for Arab Bankers. The Bank is majority-owned by UAE shareholders, and its Board of Directors benefits from strong representation of UAE nationals.
Zawya
02-05-2025
- Business
- Zawya
Commercial Bank International's profits near $11.44mln in Q1-25
Abu Dhabi – Commercial Bank International (CBI) generated AED 41.70 million in net profit during the first quarter (Q1) of 2025, versus AED 36.57 million in Q1-24, according to the financial results. Net operating income hiked to AED 207.65 million in Q1-25 from AED 120.41 million a year earlier, while basic and diluted earnings per share (EPS) went up to AED 0.024 from AED 0.021. As of 31 March 2025, the total assets rose by 8% to AED 20.57 billion, while the customer deposits grew by 21% YoY to AED 15.30 billion, enhancing the bank's liquidity position and loan-to-deposit ratio to 87%. Ali Sultan Rakkad Al Amri, CEO of CBI, stated: 'Our Q1-25 performance is a key reflection of our ongoing transformation, which remains centered on delivering long-term value for our customers, shareholders and stakeholders." "We are pleased to be able to report sustained growth, as our focus on customer-centricity, partnership-driven innovation and operational efficiency continues to yield positive results,' Al Amri mentioned. At the end of December 2024, CBI logged 30% year-on-year (YoY) higher pre-tax profit at AED 222.70 million. Source: Mubasher
