ADCB
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Company type | Public |
|---|---|
| ADX: ADCB | |
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| Headquarters | , United Arab Emirates |
Area served | United Arab Emirates |
| Products | Financial services |
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| Owner | Government of Abu Dhabi (through the Abu Dhabi Investment Authority (ADIA)) (65%) |
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Abu Dhabi Commercial Bank PJSC (Template:Langx) (ADX: ADCB), commonly called ADCB, is a bank in the United Arab Emirates.
History
Abu Dhabi Commercial Bank (ADCB) was formed in 1985[1] as a public shareholding company with limited liability, following the mergers between Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, which was established in 1975.
The Government of Abu Dhabi through the Abu Dhabi Investment Council (ADIC) holds 62.52% of ADCB shares; the remainder is held by other institutions and individuals. ADCB is the third-largest bank in the UAE in terms of balance sheet size and offers a range of commercial and retail banking services to its customers.
As of 30 September 2018, it employs over 5000 people serving retail and corporate clients. Aside from 56 branches in the UAE, it had 1 branch in Jersey until October 2020.[2] It also operated out of representative offices in Singapore and London until these closed in 2020 [3]
In January 2019, a 3 bank merger was announced between ADCB, Union National Bank and Al Hilal Bank. The combined bank continues to operate as ADCB although Al Hilal Bank operates as a standalone Islamic bank consolidated under the new group entity.
ADCB Group will become the fifth largest bank in the region with approximately 1 million customers.[4][5][6][7][8]
ADCB was ranked eighth on Forbes Middle East's 30 Most Valuable Banks 2025 list.[9] It also ranked tenth on Forbes Middle East's Top 100 Listed Companies 2025 list.[10]
Area of Business
The Bank is a United Arab Emirates-based public joint stock company that provides retail, commercial, investment, merchant, brokerage and fund management activities through its network of 56 branches in the United Arab Emirates and 1 in the UK.
See also
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References
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- ^ Page Module:Citation/CS1/styles.css has no content."Abu Dhabi Commercial Bank". Forbes. Retrieved 8 May 2024.
- ^ Page Module:Citation/CS1/styles.css has no content.Staff Writer; Mubasher. "Abu Dhabi Commercial Bank exits operations from Jersey". www.zawya.com. Retrieved 2024-09-02.
- ^ Page Module:Citation/CS1/styles.css has no content.Staff Writer; Mubasher. "Abu Dhabi Commercial Bank closes representative offices in London, Singapore". www.zawya.com. Retrieved 2025-06-10.
- ^ Page Module:Citation/CS1/styles.css has no content."Shares in ADCB, UNB, ADIB suspended after bank merger speculation". ArabianBusiness.com. Reuters. Retrieved 2019-02-15.
- ^ Page Module:Citation/CS1/styles.css has no content."Abu Dhabi's three-way banking merger likely in 2019 first quarter". gulfnews.com. Retrieved 2019-02-15.
- ^ Page Module:Citation/CS1/styles.css has no content."Proposed bank merger in Abu Dhabi could lead to 1,000 job cuts - report". Gulf Business. 2018-12-24. Retrieved 2019-02-15.
- ^ Page Module:Citation/CS1/styles.css has no content."UAE banks ADCB and UNB agree on merger and takeover of Al Hilal". The National. Retrieved 2019-02-15.
- ^ Page Module:Citation/CS1/styles.css has no content.John, Issac. "ADCB, UNB, Al Hilal merge to form Dh420 billion bank". Khaleej Times. Retrieved 2019-02-15.
- ^ Page Module:Citation/CS1/styles.css has no content.Mughal, Waqar. "Abu Dhabi Commercial Bank (ADCB)". Forbes Lists. Retrieved 2026-05-03.
- ^ Page Module:Citation/CS1/styles.css has no content.Mughal, Waqar. "Abu Dhabi Commercial Bank (ADCB)". Forbes Lists. Retrieved 2026-05-04.
External links
Template:Banks of the United Arab Emirates Lua error in package.lua at line 80: module 'Module:Authority control/config' not found. Lua error in mw.title.lua at line 404: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').
