(MENAFN- Khaleej Times) Commercial Bank International, or CBI, reported a nine-month net profit of Dh227 million, up by 261 per cent from the previous year.
Loans and advances increased to Dh8.4 billion compared to Dh7.8 billion at the end of December 2011. This has a positive effect on the total assets of the bank, which increased to Dh12.3 billion as compared to Dh11.4 billion at the end of December 2011.
Customer deposits increased to Dh9.3 billion as compared to Dh8.4 billion at the end of December 2011.
"Our results are a reflection of our approach to products and services," chief executive officer Kris Babicci said.
"The UAE economy is showing positive signs of growth and there is increased interest in facilities across our corporate clients. We see further opportunities for products and enhanced service in the retail space."
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