Commercial Bank of Dubai was
established in 1969 by an Emiri Decree issued by His Highness, the late Sheikh
Rashid bin Saeed Al Maktoum. In 1982, the Bank reached a major milestone in its
development when it transformed into a National Shareholding Company, with
major operational restructuring and increase in capital base. This represented
a major turning point in the history, when the Government of Dubai became a
major shareholder.
With
humble beginnings and a ten employee branch, CBD today has developed into a
progressive and successful banking institution offering a full
range of retail and commercial banking services with a workforce of
approximately 1000 professionals, network of 27. Its achievements over the past
thirty-seven years represent great strides in quality and progress achieved by
the local banking sector and also symbolizes the comprehensive development that
has taken place in the UAE. In 2007, Commercial Bank of Dubai reported a record
net profit of AED 936 million, with a return on equity of 25% and total assets
of AED 30.4 billion. branches and over 125 ATMs throughout the UAE
CBD’s
mission is to be recognized as quality focused, customer driven, financially
sound and socially responsible bank. This mission is the pivot around which all
the strategic and development plans are implemented.
CBD enjoys a healthy relationship with all its
stakeholders. The priority in the coming
years is to increase our share in the local market, strengthen capital base,
maximize returns on assets and benefit from the latest technology.