Commercial Bank International (CBI) reported a pre-tax net profit of AED 52.1 million for Q1 2026, marking a 14% year-on-year (YoY) increase, with post-tax net profit reaching AED 47.1 million.
Net interest income grew 7% YoY to AED 104 million, driven by volume growth and asset expansion, while non-interest income decreased by AED 66.6 million due to one-off gains recorded in Q1 2025.
Asset quality improved significantly as net impairment charges decreased by AED 72.8 million YoY, supported by the resolution of legacy issues and a 7% increase in total assets to AED 22.1 billion.
Customer deposits rose 7% YoY to AED 16.4 billion, resulting in a loan-to-deposit ratio of 83% and a capital adequacy ratio of 16.8%.