VOL. XXXV
NO. 18
3-FEBRUARY-1992
Financial and Banking News
Bank Results
Commercial Bank of Dubai Improves Profits again
Commercial Bank of Dubai has declared profits of Dh44.7mn ($12mn) for 1991, an 11% increase on 1990. The improvement was due mainly to a reduction in provisions and other expenses. Operating income rose slightly, but general and administrative expenses rose by almost the same amount. A 53% increase in balance sheet size has compromised the bank's return on average assets ratio,...
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