Commercial Bank of Dubai PSC 2024 AR2
The report details the financial and operational performance of the Commercial Bank of Dubai for the fiscal year 2024. The bank achieved a record pre-tax profit of AED 3,325 million, representing a 25.5% growth compared to 2023, with total assets increasing to AED 140.2 billion. Key operational highlights include significant digital transformation milestones, with 96% of retail customers digitally registered, and the launch of dedicated accounts for Virtual Asset Service Providers. On the sustainability front, the bank advanced its ESG framework, highlighted by its USD 500 million Green Bond being awarded 'Best Financial Institution Green Bond in EMEA' and its commitment to achieving carbon-neutral operations by 2030.
Company: Commercial Bank of Dubai PSC
Sector: Financials
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 81
Commercial Bank of Dubai PSC
Annual Report
The report details the financial and operational performance of the Commercial Bank of Dubai for the fiscal year 2024. The bank achieved a record pre-tax profit of AED 3,325 million, representing a 25.5% growth compared to 2023, with total assets increasing to AED 140.2 billion. Key operational highlights include significant digital transformation milestones, with 96% of retail customers digitally registered, and the launch of dedicated accounts for Virtual Asset Service Providers. On the sustainability front, the bank advanced its ESG framework, highlighted by its USD 500 million Green Bond being awarded 'Best Financial Institution Green Bond in EMEA' and its commitment to achieving carbon-neutral operations by 2030.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees