Commercial Bank of Dubai reported a 4.1% increase in nine-month pretax profit to Dh2.95 billion, as lower impairment losses helped offset nearly flat operating income.
Net impairment losses fell 22.6% to Dh314 million in the first nine months of 2026. Operating income rose 0.9% to Dh4.44 billion. The figures show that reduced credit losses contributed more to the profit gain than revenue growth.
At Sept. 30, CBD held Dh109.6 billion in net loans and advances, up 8.5%. Customer deposits increased 0.7% to Dh112.2 billion, and the loan-to-deposit ratio stood at 97.75%. Total assets were Dh167.9 billion, 4.7% above their level at the end of 2025.
Stronger fees helped raise non-funded income by 2.6%, while net interest income grew 0.2%. Current and savings accounts, a source of low-cost deposits, made up half of CBD’s customer deposit base.
Expenses reached Dh1.18 billion, an increase of 1.4%. CBD linked the rise to spending on digital services and technology, as well as governance and compliance. Its cost-to-income ratio was 26.53%, while corporate tax expense rose 4.2% to Dh264 million.
The share of loans classified as nonperforming fell to 2.98%, down 52 basis points from a year earlier. CBD’s capital adequacy ratio stood at 15.53%, above the minimum set by the Central Bank of the United Arab Emirates.
Third-quarter pretax profit reached Dh1.06 billion, up 9.2% from the second quarter. Profit after tax rose 9.4% to Dh969 million.
CBD Chief Executive Officer Dr. Bernd van Linder said the bank was continuing to invest in AI and digital development. CBD launched UP by CBD, a mobile banking service for micro and small businesses, in July and also introduced its CBD Invest wealth platform in its banking app.
