Saturday 20 December 2014
 
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Commercial Bank of Dubai

Commercial Bank of Dubai obtains $450m loan

Commercial Bank of Dubai said on Thursday it signed to obtain a $450 million, three-year loan which would be used for general business purposes. The new loan has an interest rate of 1.25 percent above the London interbank offered

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CBD repays $408m UAE govt support

Commercial Bank of Dubai (CBD) said it has repaid Dh1.5 billion ($408.41 million) of support from the UAE government which it had received in the wake of the global financial crisis. The UAE ministry of finance had injected Dh70 b

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CBD set to price $500m debut bond

Commercial Bank of Dubai (CBD) is set to price its $500 million debut international bond issue on Tuesday after launching the deal at the tighter end of price guidance, indicating healthy investor demand. The five-year bond will p

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Commercial Bank of Dubai plans first bond issue

  Commercial Bank of Dubai (CBD) plans to tap international debt markets for its first dollar-denominated bond, taking advantage of attractive pricing on the back of returning investor confidence in

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CBD launches ‘Attijari Mobile Banking’

Commercial Bank of Dubai (CBD) has announced the launch of Attijari Mobile Banking, a convenient, flexible and secure service that will allow its customers to do banking transactions through any kind of web-enabled mobile device. This is

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Commercial Bank Dubai posts $223m profit

Commercial Bank of Dubai said its net profit for the full-year in 2011 rose slightly to Dh822 million ($223.80 million) compared to Dh820 million the previous year driven mainly by a drop in funding costs. The total assets at the end of De

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CBD wins top CSR recognition

Commercial Bank of Dubai (CBD) has been awarded the prestigious CSR (Corporate Social Responsibility) label accreditation by the Dubai Chamber of Commerce and Industry. This is in recognition of its performance as a responsible corporate c

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Dubai's CBD sees 20pc rise in Islamic deposits

Commercial Bank of Dubai's (CBD) Islamic operations expects deposit growth of 20 percent in 2011 as funds from the UAE and countries hit by unrest lifts deposits, its Islamic banking head said. CBD saw Islamic banking deposits climb to 10

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CBD seeks term loan extension

Commercial Bank of Dubai (CBD), the emirate's fourth-largest lender by market value, is in talks with banks to extend maturity on a $400 million loan due in September, it has said. CBD, 20 per cent owned by the Dubai government, is neg

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CBD posts $223 million profit

Commercial Bank of Dubai (CBD) has announced a full-year net profit of Dh821 million ($223.5 million) for 2010, up 2.2 per cent compared to Dh803 million the previous year. Announcing the results after the CBD board meeting on Sunday, the

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