Financial and Banking News
Commercial Bank of Dubai's Profits Rise Again
Commercial Bank of Dubai has reported profits of Dh40mn ($11mn) for 1990, a13% increase on the previous year. The bank is the first in the UAE to reportits 1990 figures. A dividend of Dh26mn, 13% on capital, is proposed. CBD remainswell capitalized, despite a large increase in liabilities during 1990, and ishighly liquid, with cash and balances with the Central Bank being...