Economy Local October 23, 2024

Dubai Commercial Bank Reports Q1 2024 Earnings

Dubai Commercial Bank has announced its financial results for the first nine months of 2024, showcasing impressive growth and stability in a competitive market.


Dubai Commercial Bank Reports Q1 2024 Earnings

Dubai Bank Commercial announced its financial results for the first nine months of 2024. According to the provided data, the bank's net profit for this period amounted to 2.5 million dirhams, which is 15% higher than in the previous year. The bank's total revenue also increased by 7.5% compared to the same period last year, totaling 5 million dirhams. The achieved results reflect stable growth and strong financial sustainability of the bank in changing economic conditions. Talking about this, a representative of Dubai Bank Commercial noted: "We are very pleased with the financial results achieved for the first nine months of 2024. Our strategy has proven to be highly effective, which is reflected in significant growth in profits and revenues. We will continue to work in the same direction to ensure the stable development of the bank and maximize the satisfaction of our clients' needs."