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Commercial Bank of Dubai and Infinios Announce Strategic Partnership

14 October 2021

Dubai, UAE; and Manama, Bahrain. 4th October 2021. Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services B.S.C.(c) (Infinios) today announced a strategic partnership to support the growing fintech ecosystem in United Arab Emirates. Under the partnership, CBD, one of the leading banks in the UAE, will join hands with Infinios, a licensed and regulated card processor and payment services provider that offers next-generation digital banking and payment technology solutions, to enable fintech and digital commerce businesses and drive the take-up of embedded financial services in the UAE to achieve the financial inclusion objectives of the UAE.

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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.

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