CBD’s 2017 net profit stable Y-o-Y; DPS of AED0.20
CBD reported a net profit of AED1.0bn for 2017, stable relative to last year as strong operating income (+28%) was largely offset by high provisioning (+26%). Loan growth was strong at 13% Y-o-Y, while deposits grew by 11% Y-o-Y. The bank’s NIM improved to 2.80% from 2.78% in 2016. The bank’s provisioning was high during 1H17, however it dipped in the 2H17 as credit quality metrics improved. CBD’s proposed a cash dividend of AED0.20/share (yield of 5%).
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.