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Commercial Bank International (البنك التجارى الدولى)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Commercial Bank International (البنك التجارى الدولى)

Headquarters
P.O. Box 4449, Commercial Bank International Building, Al Reqqa Street, Dubai.; Dubai; Northern Emirates
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: Deloitte Touche Tohmatsu (2012)
Incorporation Date: January 1, 1991
Total Employees: 341

Tel: 971 72275265

Company Description

Commercial Bank International PSC (CBI), founded in Ras-Al-Khaimah in 1991, and considered as one of the leading financial institutions in UAE.
It was listed in Abu Dhabi Stock Exchange in year 2002.
The Bank operates in two main segments, namely retail and corporate banking. It also offers securities brokerage services through its International Financial Brokerage LLC subsidiary, and real estate brokerage services through Takamul Real Estate Company subsidiary.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -1.59%, from AED 705,932 thousands to AED 694,686 thousands. The results of the period decreased -54.75% reaching AED 64,767 thousands at the end of the period against AED 143,143 thousands last year. Return on equity (Net income/Total equity) went from 7.95% to 3.75%, the Return On Asset (Net income / Total Asset) went from 1.20% to 0.57% and the Net Profit Margin (Net Income/Net Sales) went from 20.28% to 9.32% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 560.11% compared to 562.08% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.46 to 1.85 when compared to the previous year.

Key Executives

Mr.Mohamed Sultan Al Qadi Chairman
Mr.Ali Ahmed Al Kuwari Vice Chairman
Mr.Adel Abdul Aziz Khashabi BOD - Board of Directors
Mr.Fahad Abdulla Al Khalifa BOD - Board of Directors
Mrs.Fareeda Ali Abulfath BOD - Board of Directors

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Balance Sheet

Total Assets

12,739,343

11,402,226

Current Assets

3,408,033

988,194

Total Liabilities

10,734,886

9,674,901

Shareholders Equity

2,004,457

1,727,325

Current Liabilities

861,854

534,945

* All the accounts are in AED.
Income Statement

Total Operating Revenue

651,300

694,686

Net Profit (Loss)

250,598

64,767

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.97%

0.57%

Annualised Return on Assets (ROA)

1.97%

0.57%

Return on Equity (ROE)

12.5%

3.75%

Annualised Return on Equity (ROE)

14.51%

3.6%

Return on Sales (ROS)

38.48%

9.32%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

0.59x

0.88x

Current asset turnover

0.19x

0.70x

Fixed-asset turnover

0.07x

0.07x

Asset Turnover

0.05x

0.06x

Valuation figures and ratios

EBITDA

202,764

278,812

Enterprise value

10,765,763

9,536,241

Enterprise Value / EBITDA

53.09

34.20

Bookvalue (BV)

2,004,457

1,727,325

Net Cash

-10,162,748

-9,153,374

Liquidity Ratios

Current Ratio

395.43%

184.73%

Quick ratio

395.43%

184.73%

Doom's day ratio

66.38%

97.49%

Leverage Ratios

Leverage ratio

635.55%

660.11%

Debt to equity

535.55%

560.11%

Debt to total assets

84.27%

84.85%

Long Term Debt to Capital

83.12%

84.11%

Market ratios

Market Capitalization/EBITDA

2.97

1.37

Market Cap / Net cash

-0.06

-0.04

Trend Ratios

Revenue Trend

93.75%

98.41%

Net Income Trend

386.92%

45.25%