Commercial bank of dubai

DUBAI, June 7 (Reuters) - Commercial Bank of Dubai The five-year bonds will be used to finance projects eligible under CBD's Sustainable Financing Framework issued in March, which could include green buildings, renewable energy, clean transportation access to education or pollution prevention and control. UAE authorities have been encouraging issuers to raise green debt in the run up to Dubai hosting the COP28 climate conference starting Nov. 30. On Tuesday, the Securities and Commodities Authority (SCA) said companies would be exempt from listing fees on the local market this year for green or sustainability-linked bonds or sukuk. Last month, First Abu Dhabi Bank, the country's biggest lender, raised $600 million in green bonds, a unit of Abu Dhabi's largest developer Al Dar issued $500 million in green sukuk and private Emirati retail conglomerate Majid Al Futtaim sold $500 million in green sukuk. The spread on CBD's bonds was set at 140 basis points (bps) over U.S. Treasuries, tightened from initial guidance of 175 bps, a document from one of the arranging banks showed. HSBC and Standard Chartered are joint global coordinators on the debt sale, joined by Citi, Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan and Natixis as lead managers and bookrunners. Natixis is sole ESG coordinator. The bonds are expected to price later on Wednesday. CBD last issued public bonds in October 2020, raising $600 million with Additional Tier 1 paper, which are designed to be perpetual...

Experience better ways to manage, save and grow your money in one of the most trusted banks in Dubai and across the UAE. Enjoy more rewarding ways to bank. CBD has always been a key driver of UAE's economic growth. A bank that's future-ready, grounded in history, and focused on the here and now, let us be your partner toward financial freedom, too. Choose from CBD's full range of personal banking, loans insurance and digital banking products designed around your lifestyle and the things that matter most to you now. Digital banking made just for you Get ready for a new personalized online banking experience right at your fingertips. Pay bills, send payments, make transfers, claim your rewards and do more - in minutes, with just a few clicks Value Added Tax (VAT) is now live in the UAE effective 1st January, 2018. VAT is a transaction tax, chargeable on the supply of goods and services. As a VAT-registered business, The Bank has been required to charge VAT on its services where prescribed under the Law. We remain in close contact with the appropriate regulatory authorities and will update customers on any changes in due course. For further information on VAT, please visit the website of UAE Ministry of Finance or the UAE Federal Tax Authority. For any enquiries on the above, please email us at

Welcome to CBD Al Islami Islamic banking is the product of the collective effort of bankers, economists and Islamic legal scholars over the past several decades to develop financial solutions that meet the religious requirements of Muslims in an ethical manner. It is an ethical and equitable mode of financial services that derives its principles from the Shari'a (Islamic law).

Banking made simple, with CBD Online Banking Quick and convenient access to your accounts and much more. With Online Banking, stay updated on your account information, make payments, inquire about your banking details and much more – all within a completely safe environment. On login, you are presented with a fresh, new look and feel, as well as improved navigation features. It’s a powerful update with enhanced security and authentication features and services to make your banking experience easy and convenient. • Transact • Transfers Transfer money to your own accounts, other CBD Accounts or other bank accounts locally or internationally. See how you can Transact • Bill Payments Make bill payments - Etisalat, Du, Water, Electricity and SALIK. See how you can make Bill Payments • Direct Debit Set up your direct debit in online banking and your utility payments will be automatically paid. Manage • Online Statements Save or print your PDF statements so you always have a record of your transactions. See how you can Manage your accounts • Manage Rewards Manage and redeem your Attiajari Loyalty Points online for cashback or Skywards Miles. • Start Saving Instantly Apply for savings and deposit accounts instantly through Online Banking. See how you can register On the Go • Mobile Banking Keep better track of your bank account activities and view your transactions. • Phone Banking Keep better track of your bank account activities and view your transactions. • SMS Banking Get aler...

CBD offers retail and commercial banking products and services, as well as Shariah-compliant banking services. In September 2022, it partnered with Sharaf DG Energy to enable customers to adopt clean energy by installing Solar PV Systems for their homes from Sharaf DG Energy via a sustainable and digital financing option from CBD. The Investment Corporation of Dubai is the largest shareholder in CBD, with a 20% stake.

Number of employees c. 1,500 Website .cbd .ae Commercial Bank of Dubai ( CBD) is a UAE banking and financial services corporation headquartered in US$23 billion in assets, History [ ] CBD was founded in 1969, by an CBD provides Wholesale, Corporate, Retail, Business, SME, Private and Affluent banking services. Financial data [ ] In 2019, Commercial Bank of Dubai reported a net profit of AED 1,400 million, an increase of 20.5% over 2018, and total assets of AED 88.1 billion. Operating income for 2019 amounted to AED 3,033 million, an increase of 11.3% attributable to a 2.8% increase in Net Interest Income (NII) and a 31.2% increase in Other Operating Income (OOI). Fees and commission income increased by 21.3%, foreign exchange income registered a 37.7% increase, investment income increased by 179.4%, and other income increased by 53.3% compared to 2018. CBD has a External links [ ] • • References [ ] • ^ a b • ^ a b (PDF) . Retrieved 2015-07-16. • • . Retrieved 2015-07-16. • iccuae.com. Archived from . Retrieved 2014-09-14. • . Retrieved 2015-07-16. • . Retrieved 2015-07-16. • . Retrieved 2015-07-16. • Reuters Editorial. www.reuters.comundefined . Retrieved 2020-07-30. {{ |author= has generic name ( •