Commercial Bank International Kept at Buy as FAB Notes Q3 Results

MT Newswires · 2d ago
06:26 AM EST, 11/03/2026 (MT Newswires) -- FAB Securities maintained its buy rating on Commercial Bank International (ADX:CBI), with a price target of 1.05 Emirati dirhams, following the company's third-quarter results. In a Tuesday first look note, FAB said the Abu Dhabi-listed bank's net profit was down 0.2% year over year to 15 million dirhams, below the research firm's forecast of 62 million dirhams. Total operating income fell 11% to 153 million dirhams, compared with FAB's estimate of 191 million dirhams. "Although lower interest rates, elevated funding costs and volatility in impairment charges could weigh on near-term profitability, CBI's improving legacy asset quality, continued lending growth and stronger fee income generation support its medium-term earnings outlook," analysts said.