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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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31 March 2015

Moody’s Affirms CBD’s Long-Term Rating

Moody’s Investors Service affirmed CBD’s Baa1/ Prime-2 deposit ratings and ba1 baseline credit assessment (BCA) with stable outlook.

Moody’s commented that the rating reflects the Bank’s established domestic franchise, focused on the mid-sized corporate banking segment, which benefits the bank’s profitability and capitalization metrics.

The ratings were also based on the view of a very high likelihood of systematic support would be provided to CBD from the United Arab Emirates government in case of need.

Moody’s notes that CBD’s pre-provision income on average risk-weighted assets (RWAs) and net income on average RWAs are in line with UAE expected averages, and well above the global median for banks with a BCA of ba1.

Furthermore, Moody’s highlighted that as a result of its strong profitability, CBD has a strong internal capital growth. Tier 1 ratio increased to 16.8% in 2014 from 14% in 2009. These are strong when compared with UAE expected average of 16% and also compares favorably with the global median of ba1 rated banks of 12%.