Dubai Commercial Bank: Net profit up to 852.838m
Dubai - QNA
The Commercial Bank of Dubai has declared AED 852.838 Million net profit for the financial year ended December 31, 2012 compared to AED 822.100 Million in 2011, an increase by 3.60%. The bank’s Earnings Per Share amounted to AED 0.42 in 2012 compared to AED 0.40 in 2011. The bank’s Board of Directors has proposed a cash dividend of 30% of the share capital amounting to AED 611,505,593 (2011: AED 388,257,519) or AED 0.30 per share compared to AED 0.20 in 2011. The board did not propose any bonus issue for 2012.
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