VOL. XXXIX

No. 25

18-March-1996

UAE

Commercial Bank Of Dubai Profits Up By 56%

After four years of relatively modest profit growth, one of the smaller banks in the UAE, Commercial Bank of Dubai, has enjoyed an excellent 1995, producing profits of Dh122mn, an increase of 56% over the previous year. The result is due to strong growth in both net interest and other income and large increases in the balance sheet. Expenses were also controlled well, rising only slightly in absolute terms...