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Commercial Bank of Dubai and Thunes partner to offer real-time international remittances

24 June 2020

Singapore/Dubai, 24 June 2020 - Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world.

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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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