Financial and Banking News

REGIONAL BANKING

CBD Profits Donn 30% 

Profits of the Commercial Bank of Dubai (CBD) dropped 29.7% to Dh20.59m in 1985, while total assets declined by 17% to Dhl,163mn. Contra accounts fell by 10% to Dh286mn while loans remained unchanged at Dh597mn. The dividend has been cut to 7.5%.