Abu dhabi: Commercial Bank International (CBI) recorded a net profit after tax of AED47.1 million during the first quarter of 2026.
According to Emirates News Agency, the bank stated that its pre-tax profit rose by 14 percent year-on-year to AED52.1 million. Net interest income saw a 7 percent increase year-on-year, reaching AED104 million, driven by improved asset mix and business volume growth.
The bank's non-interest income saw a decline of AED66.6 million compared to the previous year, attributed to exceptional gains from the sale of non-core assets in the first quarter of 2025. Total assets rose to AED22.1 billion, marking a 7 percent year-on-year increase, supported by growth in loans and the expansion of the investment portfolio.
Customer deposits increased to AED16.4 billion, recording a 7 percent annual rise. The capital adequacy ratio reached 16.8 percent, exceeding regulatory requirements. Ali Sultan Rakkad Al Amri, Chief Executive Officer of Commercial Bank International, stated that the first quarter results reflect the bank's continued strength and resilience, emphasizing disciplined execution and a clear focus on improving balance sheet structure and enhancing asset quality. The growth in profitability and improvements in key financial indicators highlight progress in building a more efficient and sustainable business model.
