Commercial Bank International

1. Company Overview & Earnings Context

Commercial Bank International (CBI) is a UAE-based bank listed on the Abu Dhabi Securities Exchange (ADX), providing retail, corporate and Islamic banking services across the UAE. During H1 2026, the bank continued its transformation strategy, focusing on balance sheet optimisation, customer growth and resolving legacy issues while strengthening its financial position.

For the six months ended 30 June 2026, CBI delivered a strong financial performance, with pre-tax profit rising 68% year-on-year to AED 156 million. The improvement was supported by higher net interest income, healthy loan growth, a net impairment recovery and continued expansion of its balance sheet.

2. Financial Performance Snapshot

• Total Interest Income & Income from Islamic Financing: AED 511 Million

• Net Interest Income & Income from Islamic Financing: AED 208 Million

• Net Fee & Commission Income: AED 81 Million

• Other Operating Income: AED 10 Million

• Net Operating Income: AED 296 Million

• General & Administrative Expenses: AED 209 Million

• Net Impairment Recovery: AED 69 Million

• Profit Before Tax: AED 156 Million

• Income Tax Expense: AED 15 Million

• Net Profit: AED 141 Million

• Basic & Diluted EPS: AED 0.081

Compared with H1 2025:

• Total interest income increased from AED 499 million to AED 511 million.

• Net interest income rose from AED 192 million to AED 208 million.

• Net fee & commission income increased from AED 73 million to AED 81 million.

• Profit before tax surged from AED 93 million to AED 156 million.

• Net profit increased from AED 84 million to AED 141 million.

• Basic EPS improved from AED 0.049 to AED 0.081.

3. Operational Highlights & Key Metrics

• Total Assets: AED 23.0 Billion

• Gross Loans, Advances & Islamic Financing: AED 14.2 Billion

• Customer Deposits: AED 16.4 Billion

• Total Equity: AED 3.46 Billion

• Total Liabilities: AED 19.5 Billion

• Capital Adequacy Ratio (CAR): 16.5%

• Net Impairment Recovery: AED 69 Million

Operational Highlights

• Total assets increased 12% YoY.

• Customer deposits grew 7% YoY.

• Loan growth and strategic investment portfolio expansion strengthened the balance sheet.

• Asset quality improved following the resolution of legacy issues.

4. Key Performance Drivers

CBI's strong H1 2026 performance was driven by healthy balance sheet expansion, which supported higher net interest income, alongside strong customer asset growth. The bank also benefited from a net impairment recovery of AED 69 million following the successful resolution of legacy issues, significantly improving profitability and asset quality. Continued cost discipline and growth in customer deposits further strengthened liquidity and overall financial resilience.

5. Outlook & Forward Guidance

Management remains focused on executing CBI's transformation strategy through continued innovation, operational enhancements and a customer-centric approach. With a strong capital base and improving financial fundamentals, the bank expects to continue supporting customer growth while delivering sustainable long-term value for shareholders.

6. Investor Takeaway

CBI delivered one of its strongest interim performances in recent years, driven by robust profit growth, improving asset quality and a stronger balance sheet. Supported by solid capital levels, expanding loans and deposits, and continued execution of its transformation strategy, the bank appears well positioned to sustain its recovery momentum through the remainder of 2026.