Abu Dhabi Commercial Bank (ADCB) – Introduction and background |
Abu Dhabi Commercial Bank (ADCB) is one of the largest banks in the United Arab Emirates.
Founded in 1985 out of a merger of three smaller banks, ADCB is headquartered in Abu Dhabi. The bank offers a comprehensive suite of banking products and services, including retail banking, commercial banking, and wealth management. The bank offers a network of branches and ATMs across the UAE, with a significant digital presence.
ADCB’s offerings include personal and business loans, mortgages, credit cards, deposit accounts, and investment banking services, making it a major player in the UAE’s financial sector. Their client base is divided into personal (retail), business (including corporate and investment) and private banking, with revenue divided fairly evenly between the three categories. Overall it is the third largest Emirati bank by deposits.
ADCB is listed on the Abu Dhabi Securities Exchange (ADX) under the ticker ADCB. The bank is majority owned by the UAE through the Mubadala Investment Company, which owns 60% of shares. Foreign ownership of this state-controlled enterprise is restricted to a maximum of 20%.
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