Commercial Bank of Dubai
UAE bank From Wikipedia, the free encyclopedia
Commercial Bank of Dubai (CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than US$38 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets.[3] It also figures in the Dubai Financial Market index.[2][4][5]
 | |
Native name | بنك دبي التجاري |
|---|---|
| Company type | Public |
| DFM: CBD | |
| Industry | Financial services, Banking |
| Founded | 1969 |
| Founder | Sheikh Rashid bin Saeed Al Maktoum |
| Headquarters | Dubai, United Arab Emirates |
Area served | United Arab Emirates |
Key people | |
| Products | Consumer banking, corporate banking, finance and insurance, foreign exchange, wealth management, consumer loans, business loans, credit cards |
| US$1.49 billion (2024)[1] | |
| US$822 million (2024)[1] | |
Number of employees | c. 1,200[2] |
| Website | www |
History
Summarize
Perspective
Founded in 1969, by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum[6], CBD started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, and evolved into a National Public shareholding company by 1982. [7] The bank’s major shareholders include Investment Corporation of Dubai (ICD), the principal investment arm of the Dubai Government and leading UAE national conglomerates and families.[8]
CBD provides financial services and products for Institutional, Corporate, and Business Banking, and a digital product suite to meet needs of Retail and Private banking clients.[9]
In 2018, CBD introduced a digital-first approach, focusing on technology to enhance customer interactions.[citation needed] The bank is[when?] adjusting its branch model to prioritize sales, service, and support, while also maintaining digital and mobile channels.[citation needed] CEO Dr. Bernd van Linder is overseeing these changes.[10]
In 2022, CBD partnered with fintech company Postpay to provide transaction banking, debt funding, and e-commerce solutions.[11]
In 2024, Hewlett Packard Enterprise (HPE) and Du from Emirates Integrated Telecommunications Company (EITC) announced their collaboration with CBD.[12][relevant?]
In 2025, CBD hosted the region’s first Microsoft Copilot Promptathon, in collaboration with the Microsoft Innovation Hub, reinforcing its role as a pioneer in AI adoption. The event marked the launch of a large-scale rollout of Microsoft Copilot to CBD employees, aligning with the UAE’s national AI strategy. [13] Microsoft UAE lauded CBD’s leadership in AI adoption, stating that the Promptathon showcases the value of Generative AI in enhancing productivity and fostering innovation in the financial sector, and that the collaboration positions CBD at the forefront of AI-driven transformation, contributing to Dubai’s Universal Blueprint for AI. . [14]
In 2025, CBD became the first bank in the Middle East to integrate JP Morgan’s blockchain powered Liink network to improve the speed, accuracy and security of cross-border payments by allowing businesses to verify account details before initiating transactions. [15]
Financial data
In 2024, CBD reported a net profit before tax of AED 3,325 million, representing a 25.5% increase from 2023. The bank's total operating income rose by 11.2% year-on-year to AED 5,491 million, while total assets increased by 8.7% to AED 140.2 billion. The Return on Equity (RoE) is 23.48% with a cost to income ratio of 25.56%.[16]
CBD holds credit ratings of A− (Fitch).[17]
External links
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.