Are you looking for a reliable financial partner in the UAE? Commercial Bank International (CBI) has over 30 years of experience. They started in 1991 and are based in Dubai.
CBI mixes old banking ways with new tech. They offer many financial services.
CBI helps big companies and small businesses. They have many services like wholesale, retail, and Islamic banking. They make plans for each client’s needs.
They are known for being the best. They won awards like CEO of the Year (Middle East Banking). These wins show CBI is a top bank in the UAE.
CBI stands out because they focus on new ideas and being green. They teamed up with Zumo, a top crypto platform. This move shows CBI is ready for the future of money.
Overview of Commercial Bank International CBI
Commercial Bank International (CBI) is a big name in UAE banks. It started in 1991 and now offers many banking services. These services help meet the changing needs of its customers.
History and Growth
CBI started over 30 years ago. Today, it has impressive numbers that show it’s a strong player:
- Total Assets: AED 19 billion
- Gross Loans and Advances: AED 14.1 billion
- Customer Deposits: AED 12.6 billion
- Net Operating Income: AED 171 million (14% increase)
- Capital Adequacy Ratio: 15.2%
Leadership in UAE Banking
CBI leads in UAE banking with its strong financials and awards. It got eight awards in 2023. Its market value and free-float percentage show it’s important in finance.
Regulatory Compliance
CBI follows strict rules from the Central Bank of the United Arab Emirates. These rules help keep CBI stable and protect customers. This also helps the UAE Banks Federation’s goals.
| Performance Metric | Value |
|---|---|
| 1-day Change | +5.56% |
| 1-month Change | +6.62% |
| 6-month Change | +55.74% |
| Current Year Change | +33.80% |
Premium Banking Solutions and Services
Commercial Bank International (CBI) has many banking solutions for you. They help with personal banking and managing your wealth. CBI supports your financial journey with great services.
CBI FIRST Priority Banking
CBI FIRST is for those with a lot of money. It gives special benefits like better exchange rates and personal managers. You get help with your money and advice on investments.
Edge Banking Program
The Edge Banking program is for those with big salaries or lots of money. It offers:
- Dedicated phone banking support
- Advanced mobile and internet banking features
- Exclusive loyalty program rewards
- Tailored CBI savings accounts
Islamic Banking Services
CBI offers Islamic banking that follows Sharia rules. Our products include:
- Murabaha financing
- Ijara leasing
- Takaful insurance
- Sharia-compliant CBI savings accounts
CBI supports small and medium-sized businesses (SMEs) too. We work with Emirates Development Bank to help SMEs. So far, we’ve given over AED 1.5 billion in loans. By 2026, we hope to help 13,500 companies grow the UAE’s economy.
Digital Banking and Technology Innovation
CBI is a leader in digital banking in the UAE. It offers top-notch solutions for tech-loving customers. They can access financial services anytime.
Mobile Banking Platform
The CBI mobile app makes banking easy on the move. It has many features like managing accounts and paying bills. The app is simple for everyone to use.
Internet Banking Features
CBI online banking lets you bank from anywhere. It’s safe and easy to use. You can do things like transfer money and manage investments.
Digital Payment Solutions
CBI works with areeba for better digital payments. This helps UAE fintechs grow. The digital wallet makes paying fast and safe.
| Year | UAE Digital Assets Market Revenue |
|---|---|
| 2024 | $453.20 million |
| 2028 | $616.80 million |
CBI is all about innovation in banking. It has won many awards for its tech. It’s also working on green banking with Zumo.
Financial Performance and Market Position
Commercial Bank International (CBI) shines in the UAE’s financial scene. Its annual report shows big growth. Total assets hit AED 19 billion.
CBI’s loans and advances, including to banks, reached AED 14.1 billion. Customer deposits, including Islamic ones, were AED 12.6 billion.
CBI’s services have made great strides. Net operating income soared to AED 544 million. Net profit jumped 14% to AED 171 million. This shows CBI’s strong spot among UAE banks.
The bank’s financial health is clear. Its capital adequacy ratio is 15.2%. This is a big plus in the UAE’s banking world. CBI’s BBB+ rating from Fitch backs this up, showing its stability and growth.
