Financial statements of Dubai Commercial Bank: consolidated financial statements

The Dubai Bank Group recently published its condensed consolidated interim financial statements for the three months ended March 31, 2024. The report contains information about the group's financial position, profit and loss, changes in equity, and cash flows. Independent auditors have confirmed that the statements are prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting."

During the reporting period, the bank earned a net profit of 700,984 thousand dirhams, which is 125,761 thousand dirhams more than in the same period last year. This indicates an increase in the group's financial performance.

In addition to financial results, the report contains information about the composition of the group, including subsidiaries and associated enterprises. The group continues to use the same accounting policies as in the previous year, except for new and amended IFRS standards, which will be taken into account in future financial reports.

Based on the independent auditors' analysis, nothing has come to their attention that would indicate that the accounts do not comply with IFRS. In summary, the Bank of Dubai Group continues to demonstrate steady growth and transparency in its financial reporting.