Commercial Bank of Dubai PSC reported earnings results for the third quarter and nine months ended September 30, 2014. For the third-quarter, the company reported net profit was up 21.2% at AED 309 million compared to AED 255 million in the corresponding period last year. Quarter on quarter, net profit was up 4.3% compared to AED 296.2 million reported in the second quarter of 2014.

For the nine months, the company reported a net profit of AED 890.1 million for the first nine months of 2014, up 18.4% when compared to AED 751.5 million for the same period last year. Operating income for the nine months period was up 10.5% at AED 1.62 billion compared to AED 1.46 billion for the same period last year. Operating profit was increased by 8.7% to AED 1 billion. Return on average assets was improved to 2.6%, return on average equity increased to 16.8% for the first nine months of 2014 as compared to 15.3% for the same period last year.

With an increasing contribution from personal banking to the bank's bottom line, backed by stable returns from the corporate and commercial segments, the bank is projected to book robust net profit in 2014.