Showing 9 of 16
  • UAE Flag
    FIRST LOOK NOTES
    25 Jul 2025
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 9.65
    AED 9.25
    -4.15%

    Commercial Bank of Dubai (CBD)- 2Q25 First Look Note

    CBD’s funded income marginally declined 0.7% YOY to AED 1,876 Mn in 2Q25 and funded expenses shrank 10.1% YOY to AED 847 Mn in 2Q25. The Bank revised its NIMs guidance from 2.9-3.1% to 3.0-3.1% for 2025.
  • UAE Flag
    EARNINGS CALL INSIGHT
    25 Jul 2025
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 9.65
    AED 9.25
    -4.15%

    UAE Equity Research - Commercial Bank of Dubai (CBD) 2Q25 - Earnings Call Insight

    Net funded income grew 8.7% YOY to AED 1.0 Bn in 2Q25, attributable to a decline in funded expense due to a contraction in cost of funds, partially offset by a 0.7% YOY decline in funded income as a result of a declining asset yield.
  • UAE Flag
    FIRST LOOK NOTES
    25 Apr 2025
    Commercial Bank Of Dubai (CBD)
    ACCUMULATE
    AED 7.60
    AED 8.55
    +12.50%

    UAE Equity Research - Commercial Bank of Dubai (CBD) 1Q25 - First Look Note

    Net funded income rose 2.7% YOY to AED 985 Mn in 1Q25 due to lower funded expenses. Non-funded income fell 6.6% YOY to AED 386 Mn in 1Q25 due to the absence of one-off transactional gain booked in 1Q24. Cost of risk and NIMs guidance are revised upward to less than 50 bps and 2.9-3.1%, respectively, for 2025.
  • UAE Flag
    FIRST LOOK NOTES
    23 Apr 2025
    Commercial Bank Of Dubai (CBD)
    ACCUMULATE
    AED 7.69
    AED 8.55
    +11.18%

    UAE Equity Research - Commercial Bank of Dubai (CBD) 1Q25 - Earnings Flash

    CBD’s Net profit rose 18.1% YoY to AED 828.1 Mn in 1Q25 which was higher than FABS estimates by 6.4% YoY driven by growth in Net interest income and lower net impairments loss.
  • UAE Flag
    FIRST LOOK NOTES
    04 Feb 2025
    Commercial Bank Of Dubai (CBD)
    ACCUMULATE
    AED 7.66
    AED 8.55
    +11.62%

    UAE Equity Research - Commercial Bank of Dubai (CBD) 4Q24 - First Look Note

    Net advances grew 11.7% YOY and 1.4% QOQ to AED 93.1 Bn in 4Q24. Customer deposits increased 10.5% YOY but declined 1.1% QOQ to AED 97.6 Bn in 4Q24, also CASA ratio stood at 49% in 4Q24. Calculated NIMs declined 21 bps YOY and remained unchanged on QOQ basis to 3.0% in 4Q24.
  • UAE Flag
    FIRST LOOK NOTES
    29 Oct 2024
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 7.20
    AED 7.75
    +7.64%

    UAE Equity Research - Commercial Bank of Dubai (CBD) 3Q24 - First Look Note

    Net advances grew strongly 10.7% YOY and 2.4% QOQ to AED 91.7 Bn in 3Q24. Customer deposits grew strongly 14.2% YOY, however declined 1.2% QOQ to AED 98.7 Bn in 3Q24, also CASA ratio increased from 47.8% in 2Q24 to 49.1% in 3Q24.
  • UAE Flag
    FIRST LOOK NOTES
    29 Jul 2024
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 6.39
    AED 6.96
    +8.92%

    Healthy asset quality and increased lending supported profitability

    Net advances grew strongly by 10.9% YOY and 3.2% QOQ to AED 90 Bn in 2Q24.Customer deposits grew strongly 16.5% YOY and 10.5% QOQ to AED 100 Bn in 2Q24, while CASA ratio declined from 52.5% in 1Q24 to 47.8% in 2Q24.
  • UAE Flag
    FIRST LOOK NOTES
    03 May 2024
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 6.59
    AED 6.96
    +5.61%

    Healthy growth in funded and non-funded income drove profitability

    Commercial Bank of Dubai (“CBD, “the Bank”) recorded a healthy growth in net profit of 21.9% YOY to AED 701 Mn in 1Q24, in line with our estimate of AED 693 Mn.
  • UAE Flag
    FIRST LOOK NOTES
    08 Feb 2024
    Commercial Bank Of Dubai (CBD)
    HOLD
    AED 5.70
    AED 5.63
    -1.23%

    Healthy growth in funded and non-funded income coupled with lower impairments drove profitability

    Commercial Bank of Dubai (“CBD, “the Bank”) recorded a substantial growth in net profit of 42.0% YOY to AED 714 Mn in 4Q23, lower than our estimate of AED 765 Mn.

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