Random Article Summary #127

Commercial Bank of Dubai (CBD) is a banking and financial services company based in Deira, Dubai, in the UAE. It has more than US$38 billion in assets. Gulf Business ranks CBD as the 7th largest bank in the UAE by total assets. CBD is also included in the Dubai Financial Market index. Commercial Bank of Dubai (CBD) was founded in 1969 and later became a National Public shareholding company. It serves institutional, corporate and business clients, as well as retail and private customers through digital services, and has pursued a digital-first strategy since 2018 led by its CEO. CBD has formed multiple partnerships to expand fintech and technology solutions, including collaborations with Postpay, HPE and Du, and Microsoft, and in 2025 integrated JP Morgan’s blockchain-based Liink network to speed up and secure cross-border payments. In 2024, the Commercial Bank of Dubai (CBD) reported a net profit before tax of AED 3,325 million, up 25.5% from 2023. Total operating income increased 11.2% to AED 5,491 million, and total assets rose 8.7% to AED 140.2 billion, with an RoE of 23.48% and a cost-to-income ratio of 25.56%. CBD also has an A− credit rating from Fitch. In 2022, CBD was ranked the number one bank in the UAE by Forbes’ World’s Best Banks 2022 list, based on customer feedback from over 45,000 people in 27 countries. In 2024, it received the Dubai Chamber of Commerce’s ESG Label and won multiple awards, including for anti-money laundering and mobile banking technology, as well as best innovation in payments technology. CBD was also ranked by Forbes Middle East in 2025 among the most valuable banks and top listed companies.