NO. 19


Financial and Banking News

Bank Results

Commercial Bank Of Dubai Shows 19% Rise In 1994

Commercial Bank of Dubai (CBD), one of the smaller UAE banks, has reportedprofits of Dh78.1mn ($21mn) for 1994, a 19% increase on the previous year. Theincrease was mainly due to a rise in net interest income, which more thanexceeded the increase in general and administrative expenses. The bank's 3.11%return on average assets should make it one of the most profitable in the...