CBI swings to profits in Q2

Abu Dhabi – Mubasher: Commercial Bank International (CBI) turned profitable in the third quarter of 2016, according to a statement.

Net profits reached AED 32.15 million ($8.75 million) in Q3-16, against losses of AED 28.60 million ($7.79 million) in Q3-15.

The company generated profits of AED 100.84 million in the first nine months of 2016, versus losses of AED 3.34 million in the prior-year period.

Mubasher Contribution Time: 31-Oct-2016 09:22 (GMT)
Mubasher Last Update Time: 31-Oct-2016 09:22 (GMT)