Abu Dhabi – Mubasher: Commercial Bank International (CBI) posted on Sunday a year-on-year growth of 1,138% in its net profit for the second quarter of the fiscal year 2016.
Net profit reached AED 32.2 million ($8.8 million) in Q2-16, compared to AED 2.6 million ($707,000) in Q2-15, according to a statement.
The bank’s earnings also leapt in the first half of fiscal 2016 by 168% to ARF 68.7 million, versus AED 25.6 million posted for the same period of 2015.
CBI earlier reported a net profit of AED 36.5 million ($9.94 million for Q1-16, 58.69% up from AED 23 million ($6.26 million) for Q1-15.
