Dubai - Mubasher: The financial statements of the Commercial Bank of Dubai (CBD) showed a decline in net profits by 29.7% year-on-year in the second quarter of 2017, according to a bourse filing.
Profits totalled AED 172.35 million ($47 million) in Q2-17, compared to AED 245 million ($66.7 million) for the corresponding quarter of last year, the bank said in a statement to the Dubai Financial Market (DMF) on Wednesday.
As for the results for the first half of the year, profits decreased by 31.6% to AED 332.5 million down from AED 485.8 million in H1-16.
