Monday, 17 October 2011

UAE's CBD Q3 profit falls | Reuters

UAE lender Commercial Bank of Dubai posted a marginal drop in third-quarter net profit of 1.4 percent, the bank said on Sunday.

CBD, which is 20 percent owned by the Dubai government, made a net profit of 254 million dirhams ($69.2 million) in the three-month period to September 30, according to Reuters calculations based on a statement to the Dubai Financial Market.

This was down slightly from 257.6 million dirhams in the corresponding period in 2010.

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