Commercial Bank of Dubai (CBD) has reported a record net profit before tax of AED 2.95 billion for the first nine months of 2026, representing a 4.1% increase compared with AED 2.83 billion during the corresponding period of 2025.
According to the bank’s financial results announced on October 21, 2026, net profit after tax increased by 4.1% to AED 2.68 billion, compared with AED 2.58 billion in the first nine months of 2025.
Operating income reached AED 4.44 billion, up 0.9% year-on-year from AED 4.40 billion, supported by growth in lending activities, low-cost deposits and fee income.
Net interest income increased marginally by 0.2% to AED 3.09 billion, while non-funded income rose by 2.6% to AED 1.35 billion.
Operating profit increased by 0.7% to AED 3.26 billion, compared with AED 3.24 billion in the corresponding period last year.
Operating expenses rose by 1.4% to AED 1.18 billion, reflecting continued investment in digital transformation, technology, business expansion, governance and regulatory compliance.
Meanwhile, expected credit losses declined by 22.6% to AED 314 million, compared with AED 406 million in the first nine months of 2025, supporting the bank’s profitability.
For the third quarter of 2026, Commercial Bank of Dubai reported net profit after tax of AED 969 million, representing a 9.4% increase compared with AED 886 million in the second quarter.
Quarterly operating income increased by 6.7% to AED 1.54 billion, while profit before tax rose by 9.2% to AED 1.06 billion.
On the balance sheet, total assets reached AED 167.9 billion as of September 30, 2026, representing an increase of 4.7% compared with AED 160.3 billion at the end of December 2025.
Gross loans and advances increased by 7.7% year-to-date to AED 113.5 billion, while net loans and advances rose by 8.5% to AED 109.6 billion.
Customer deposits stood at AED 112.2 billion, representing an increase of 0.7% compared with AED 111.4 billion at the end of December 2025.
Low-cost current and savings accounts accounted for approximately 50% of the bank’s total customer deposits, while the loan-to-deposit ratio stood at 97.8%.
Asset quality improved, with the non-performing loan ratio declining to 2.98%, compared with 3.58% at the end of December 2025.
The bank’s provision coverage ratio increased to 106.99%, compared with 102.92% at the end of 2025.
Commercial Bank of Dubai reported an after-tax return on equity of 21.38% for the first nine months of 2026, alongside a cost-to-income ratio of 26.53%.
Capital ratios remained above regulatory requirements, with the capital adequacy ratio standing at 15.53%, the Tier 1 ratio at 14.39% and the Common Equity Tier 1 ratio at 12.71%.
During July 2026, CBD issued a USD 600 million Additional Tier 1 perpetual bond with a six-year non-call period, supporting its long-term capital planning.
The bank also expanded its digital offerings through the launch of UP by CBD, a mobile banking proposition targeting micro and small businesses, and CBD Invest, a digital wealth management platform integrated into its mobile application.
In September 2026, CBD became the first bank from outside Europe to join the Commercial Bank Money Token sandbox, exploring potential applications of tokenised commercial bank deposits in cross-border payments and settlement.
The bank’s Chief Executive Officer, Dr. Bernd van Linder, attributed the performance to business growth, diversified income generation, improved asset quality and continued investment in innovation and digital banking.
The results reflect continued profitability growth, improved credit quality and expansion in the bank’s lending portfolio, supported by a stronger third-quarter performance.
Source: Commercial Bank of Dubai (CBD)
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
