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Bank – UAE:
Commercial International Bank (CIB) reported a 49% decline in profits for the first half of this year, to 41.2 million from AED, compared to 80.6 million in the same period in 2018.
The Abu Dhabi Securities Market (ADX) revealed that the decline in its half-year profit was due to a 4% drop in operating profit, which had dropped from 398.1 million AED to 380.2 million AED. in the first half of 2018.
The bank's badets in the first half of this year rose to 20.9 billion from AED, while customer deposits decreased to 13.7 billion from AED and the loans to 12.1 billion from AED.
The bank posted a net profit of 21.3 million dirhams in the second quarter, against 41.1 million dirhams in the second quarter of 2018.
Profits of Commercial International Bank (CIB) declined 49% to MAD 20 million (1.2 lines per share) at the end of the first quarter of this year, compared with 39.5 million dirhams for the same period last year. Last year.
Commercialbank International is a small bank based in Ras Al Khaimah, which has 9 branches in Abu Dhabi, 10 in Dubai and 7 in the North Emirates, as well as another in the Julfar Towers.
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