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CBD posts lower net profit in nine months
- United Arab Emirates: Saturday, October 17 - 2009 at 10:10
Commercial Bank of Dubai (CBD) has reported an increase of 6.6% operating profit for the first nine months of 2009, reaching Dhs915m compared to Dhs858m in 2008. However, net profit, after collective and specific provisions for non-performing loans and investments have posted lower at Dhs757m as compared to Dhs826m, a year earlier. The net non-performing loans to total loans stood at a low 1.2%.
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Medilyn Manibo, Assistant News EditorSaturday, October 17 - 2009 at 10:10 UAE local time (GMT+4)
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