The bank reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent from Dhs1.7bn for the same period a year earlier
The proceeds from debut green bonds will be used to finance projects eligible under CBD’s Sustainable Financing Framework
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
The strategic partnership will support Postpay on several fronts, including transaction banking, debt funding and e-commerce solutions
CBD will offer business loans to Network’s retail and ecommerce clients against their Point of Sale machines or payment gateway proceeds
CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
The six-year bond with a 6 per cent interest rate was 2.1 times subscribed
Second-quarter net profit for UAE-based top banks jumps 21 per cent
The UAE’s biggest listed banks ranked by total asset size
The country’s biggest listed banks, as ranked by total asset size