Commercial Bank of Dubai’s net profit before tax rose 4.1% to a record AED2.95 billion in the first nine months of 2026, the Dubai lender said in a statement on Wednesday.
Third-quarter net profit after tax rose 9.4% from the second quarter to AED969 million. Pre-tax profit for the quarter rose 9.2% from the second quarter to AED1.06 billion.
The bank said balance sheet growth, higher operating income and lower expected credit losses supported the third quarter. Net interest income rose 9.7% from the previous quarter.
Operating income for the nine months rose 0.9% to AED4.44 billion. Non-funded income rose 2.6%, helped by fees, while net interest income rose 0.2%.
Operating expenses increased 1.4% to AED1.18 billion, which the bank attributed to spending on digitization, technology, business growth, governance and compliance. The cost-to-income ratio was 26.53%.
Net impairment losses fell 22.6% to AED314 million. Corporate tax expense rose 4.2% to AED264 million.
Total assets reached AED167.9 billion at the end of September, up 4.7% from AED160.3 billion at the end of 2025. Net loans and advances rose 8.5% to AED109.6 billion, while customer deposits edged up 0.7% to AED112.2 billion.
The non-performing loan ratio improved by 52 basis points from a year earlier to 2.98%. The coverage ratio rose to 106.99%.
The bank’s Common Equity Tier 1 ratio stood at 12.71% and its capital adequacy ratio at 15.53%. Return on equity after tax was 21.38%.
Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai, said the results showed “the strength of our franchise and the depth of our customer relationships.”
In July, the bank issued a $600 million Additional Tier 1 perpetual bond that cannot be called for six years.
