Media ININ Economy We Trust
Media In – Dubai February 5, 2018 and WAM
Commercialbank International’s profit for the year 2017 increased to 40% to AED 175 million compared to AED 125 million in 2016.
Net interest income grew by 10% year-on-year to AED 556 million and impairment provisions decreased by 8% compared to 2016. The non-performing loans ratio declined to 7.2% from 8.7% in 2016 while the capital adequacy ratio stabilized at 14.8%. Compared with 14.4% at 31 December 2016.
Mohammed Sultan Al Qadi, Chairman of Commercial International Bank, said: “The Bank continued to reap the benefits of a successful transition strategy in 2017, further improving its performance and financial indicators.
