Dubai – Mubasher: Commercial Bank of Dubai (CBD) posted a 29.4% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement.
Profits reached AED 215.66 million ($58.69 million) in Q3-16, compared to AED 305.53 million ($83.16 million) in Q3-15.
In the first nine months of 2016, profits declined 23.4% to AED 701.48 million from AED 915.34 million in the same period of 2015.
Net operating income reached AED 1.34 billion as at 30 September 2016, compared to AED 1.54 billion in the prior-year period.
