Saturday 10 December 2016
 
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Commercial Bank

CBI posts 168pc jump in H1 net profit

Dubai-based Commercial Bank International has posted net profit of Dh68.7 million ($18.7 million) for the first half (H1) of the year, up 168 per cent from Dh25.6 million posted during the same period in 2015. Net loans and advanc

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Commercial Bank Q1 net profit hits $75m

The Commercial Bank of Qatar delivered a net profit of QR274 million ($75 million) for Q1 2016 compared to QR462 million in Q1 2015 last year. Net operating income reached QR929 million, while net profit was up 177 per cent to QR2

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CIB accepts Sawiris offer for investment arm

Egypt's largest listed lender Commercial International Bank accepted billionaire Naguib Sawiris's bid to buy its investment arm CI Capital, market sources said. The sources said the deal would solidify Sawiris's nascen

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SRB to supervise CBI Islamic banking window

Shariyah Review Bureau (SRB), an independent Sharia audit entity, will supervise the board functions and product management of Al Islami, the new Islamic banking window launched by Commercial Bank International (CBI). Ali Amri, he

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Commercial Bank International names new CEO

Commercial Bank International (CBI), the Abu Dhabi-listed lender, has appointed Mark Robinson as its new chief executive, it said on Sunday. Robinson joins from ANZ Banking Group, where he was chief executive for Europe, Middle Ea

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Top Qatar banks to raise $1bn in bonds

Commercial Bank of Qatar (CBQK) and Doha Bank (DHBK) announced that they will be raising QR2 billion ($548.7 million) each in Tier 1 bonds to improve their capital adequacy ratios (CARs), a report said. The bonds will also provide

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Commercial Bank posts $281m net profit in H1

Commercial Bank of Qatar has delivered a net profit of QR1.024 billion ($281 million) for the first half-year ended June 30, up 1 per cent against the same period in 2012. Net profit for the second quarter was up by 2.5 per cent t

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QNB raises stake in UAE Commercial Bank

Qatar’s QNB Group has completed an increase in its stake in the UAE based Commercial Bank International (CBI) to 40 per cent, in line with the bank’s expansion strategy in the Middle East and Africa. CBI operates a net

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CBI launches Emirati training programme

Commercial Bank International (CBI), a leading bank in the UAE, has launched its Emiratisation training programme with the enrolment of more than 25 Emirati students. CBI Al Ajial (new generation) programme has been developed by the bank t

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Commercial Bank names new CEO

Commercial Bank International (CBI), a leading bank in the UAE, has appointed Kris Babicci as the chief executive officer. Babicci has 35 years of experience in the financial markets, including as the CEO of Bank Dhofar in Oman and Standar

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