Skip To The Main Content

Press Room

Most Recent Press Release
CBD New Chairman and Vice Chairman Website Post

Commercial Bank of Dubai (CBD) AGM approves the highest-ever financial performance and dividend distribution of 44.38 fils per share

11 March 2024

The Board of Directors of Commercial Bank of Dubai (CBD) have elected Ahmad Abdulkarim Mohammad Julfar as Chairman of the Board of Directors, and Ahmad Abdulla Juma Binbyat, as the Deputy Chairman.

انتخب مجلس إدارة بنك دبي التجاري السيد أحمد عبد الكريم محمد جلفار رئيساً لمجلس إدارة البنك، والسيد أحمد عبد الله جمعة بن بيات نائباً لرئيس مجلس الإدارة.

Read More

19 November 2012

Fitch reaffirms long-term issuer default rating of Commercial Bank of Dubai as A- with a stable outlook

Fitch recognizes Commercial Bank of Dubai's (CBD) strong capitalisation and consistent performance through the crisis. 

Fitch expects revenue and profit growth given the still challenging operating environment in Dubai. Fitch indicates that CBD's margins remain strong due to its niche focus on family-owned business groups in the UAE, preference towards short-term lending and good access to low cost funding. 

Furthermore, CBD continues to derive strong non-interest earnings from mainly trade finance and transaction banking. 

CBD's Fitch core capital ratio of 19.3% at end-9M12, is high compared with peers and provides a good buffer against concentration risk.