CBD marks 20 consecutive quarters of profit growth with record H1 2025 earnings

24/07/2025 04:32 AST

Commercial Bank of Dubai (CBD) on Wednesday announced a net profit before tax of Dh1.862 billion for the first half of 2025, a 16.7 per cent increase compared to the same half last year.

The result marked 20 consecutive quarters of profit growth - a feat unmatched by any other bank in the UAE over the same period.

Total assets surpassed Dh150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic expansion supported by public sector investments and population growth.

"Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed Dh150 billion are significant milestones for CBD," said Dr. Bernd van Linder, Chief Executive Officer. "Our consistent performance over the past five years, despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions, demonstrates the strength of our strategy and our continued commitment to customers. We are pleased with the latest performance which is a testament to our disciplined growth and market leadership. We remain focused on delivering on our strategic targets for 2025 and beyond."

CBD's transformation agenda continues to deliver results. The bank recorded its highest SME net promoter score in over three years for H1 2025, following enhancements to onboarding and service delivery.

At the same time, CBD's leadership in innovation was recognised through multiple industry awards, including best digitisation initiatives, best mobile banking services, and best technological innovation in financial services, affirming its digital-by-design ethos.

The bank also supported national initiatives such as Aani payments and the 'Xport Xponential' programme by Etihad Credit Insurance, reinforcing its alignment with the UAE's vision for financial innovation and inclusion.

Now in its sixth decade, CBD continues to deliver top-quartile returns, with a return on equity of 22.6 per cent, a cost-to-income ratio of 26.5 per cent, and improved asset quality. With a robust capital base and a clear digital-first strategy, CBD is well-positioned to sustain its growth trajectory and back the nation's ambition.

Khaleej Times