Abu Dhabi Commercial Bank PJSC (ADCB) is one of the largest banks in the UAE, offering a wide range of retail banking, commercial banking, and Islamic banking services. ADCB operates across three main segments:
- Wholesale Banking: This includes business banking, cash management, trade finance, corporate finance, small and medium enterprise (SME) financing, investment banking, and government finance services.
- Property Management: Involves managing the real estate assets of the bank’s subsidiaries, providing engineering services, and generating rental income from its property portfolio.
- Investments and Treasury: Central treasury operations, investment management, and management of interest rate, currency, and commodity derivatives portfolios, along with Islamic financing solutions.
ADCB is the third-largest bank in the UAE by balance sheet size, with more than 5000 employees serving retail and corporate clients across the UAE.
History
Formed in 1985, ADCB resulted from the merger of three banks: Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank. The Government of Abu Dhabi, through the Abu Dhabi Investment Council (ADIC), holds 62.52% of the bank’s shares, with the remainder held by other institutions and individual shareholders.
In 2019, ADCB merged with Union National Bank and Al Hilal Bank, making it the fifth-largest bank in the region with approximately 1 million customers.
Key Services
- Retail Banking: Personal accounts, loans, savings, credit cards, and mortgages.
- Commercial Banking: Business loans, cash management, trade finance, and corporate advisory.
- Islamic Banking: Sharia-compliant financing and banking products.
- Investment Services: Asset management, investment banking, and capital market services.
Global Presence
While headquartered in the UAE, ADCB has 56 branches across the country and operated a branch in the UK until 2020. It also had representative offices in Singapore and London, which closed in 2020.
Country of Incorporation
United Arab Emirates (UAE)
Incorporation Date
July 1, 1985
Business Sector
Banking & Investment Services
Company Address
Abu Dhabi Commercial Bank Building, Shk Zayed Street, P.O.Box: 939, Abu Dhabi, UAE
