Emirates: Commercial Bank of Dubai (CBD) on Thursday reported a net profit after tax result of Dh828 million for the first quarter of 2025, up 18.1 per cent against the prior comparative period. Strong growth in loans and current and savings accounts (CASA) during Q1 2025 underpinned a sound net interest outcome, which was supported by lower cost of risk that more than offset lower non-funded income and higher expenses.

The UAE economy remained robust supported by strong business activity and supportive economic policies, aimed at attracting investment and developing an innovation-led economy that remains at the forefront of global developments. Government initiatives in technology, green energy, and entrepreneurship continue to drive forward innovative momentum. Business confidence remains positive with forecast economic expansion set to continue throughout 2025 and beyond. Continued strategic ambition for the UAE is set out in the “We are UAE 2031” and “Dubai Economic Agenda (D33)” that is expected to drive a forward-looking economy that is dynamic and competitive with diversification in key strategic growth areas while positioning the UAE at the forefront of the digital economy.

Operating income was Dh1.371 billion, driven by strong growth in loans and CASA balances. Operating expenses were Dh370 million, up by 17.5 per cent. Operating profit was Dh1.001 billion, down by 5.3 per cent. Net impairment loss was Dh91 million, down by 68.3 per cent. Corporate tax expense of Dh82 million, up by 18.8 per cent.

Capital ratios remained strong with the capital adequacy ratio (CAR) at 15.31 per cent, Tier 1 ratio at 14.18 per cent and Common Equity Tier 1 (CET1) ratio at 12.28 per cent, well in excess of regulatory requirements. Gross loans were Dh102.1 billion, an increase of 3.9 per cent compared to 31 December 2024. Advances to stable resources ratio (ASRR) stood at 89.60 per cent, increased by 302 bps compared to December 31, 2024.

Commenting on the bank’s performance, Dr. Bernd van Linder, Chief Executive Officer said: “The bank remains intently focused on the disciplined implementation of its strategy and is well placed to continue to achieve its strategic objectives and deliver a strong financial performance in 2025 and beyond.”