Listen to the article
Commercial Bank International (CBI) has reported record annual profits for 2024, with net profit after tax reaching 295 million dirhams and net profit before tax hitting 311 million dirhams, marking a 40% year-on-year increase. The Abu Dhabi-based lender announced its strongest annual performance ever, according to a statement from the bank.
The financial results show that Commercial Bank International achieved net operating income of 791 million dirhams, representing a 13% increase compared to the previous year. Net interest income also grew by 13% to reach 389 million dirhams, contributing significantly to the bank’s overall profitability.
Commercial Bank International Records Strong Balance Sheet Growth
The bank’s total assets expanded by 5% to reach 22 billion dirhams during the reporting period. Additionally, customer deposits increased by 3% to stand at 15.9 billion dirhams, reflecting growing confidence among the bank’s client base.
Ali Sultan Rakkad Al Ameri, Chief Executive Officer of Commercial Bank International, stated that 2025 represented a historic milestone during which the bank achieved the highest profits in its history. However, the referenced year appears to relate to the 2024 financial performance being reported.
Financial Performance Drivers
The 40% surge in pre-tax profit demonstrates the effectiveness of the bank’s strategic initiatives and operational efficiency improvements. Meanwhile, the growth in net interest income suggests that Commercial Bank International has successfully navigated the interest rate environment while expanding its lending activities.
The expansion in total assets and customer deposits indicates that the bank has been able to attract new business and retain existing clients. In contrast to some regional lenders facing margin pressures, CBI’s results show sustained momentum across key financial metrics.
Market Context and Banking Sector Performance
The strong performance comes amid a competitive banking landscape in the United Arab Emirates, where financial institutions continue to benefit from economic diversification efforts and robust business activity. Furthermore, the UAE banking sector has demonstrated resilience despite global economic uncertainties.
Commercial Bank International’s record results align with broader trends in the UAE banking industry, where several lenders have reported improved profitability. The 13% increase in net operating income reflects both revenue growth and effective cost management strategies implemented by the bank.
The growth in customer deposits, though more modest at 3%, provides a stable funding base for the bank’s lending operations. This balance sheet strength positions Commercial Bank International to pursue further growth opportunities while maintaining financial stability.
Implications for Stakeholders
The historic profitability achieved by Commercial Bank International signals positive developments for shareholders and investors in the institution. Additionally, the results demonstrate the bank’s capacity to generate sustainable returns while expanding its market presence in Abu Dhabi and beyond.
The improvement in key financial indicators suggests that the bank’s business model and strategic direction are yielding tangible results. However, maintaining this growth trajectory will require continued focus on operational excellence and customer service in an increasingly competitive environment.
The bank has not yet announced its dividend policy or distribution plans for the reporting period. Further details regarding the allocation of profits and future strategic priorities are expected to be disclosed in subsequent communications to stakeholders and regulatory authorities.
