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www .cbd .ae. Commercial Bank of Dubai ( CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than US$23 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets. [3] It also figures in the Dubai Financial Market index. [2] [4] [5]
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [3] [4] [5] As of 31 December 2020, total assets were AED 698 billion, deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE, with a brand value of $3.89 billion.
NBAD was founded in 1968, the emirate of Abu Dhabi's first bank. NBAD was the first UAE bank to expand overseas opening a branch in 1975 in Cairo, Egypt In 1976 it expanded into Oman and Sudan, then in 1977 into the United Kingdom the into France and the United States of America in 1979. The bank's network expanded across five continents and 17 ...
RAKBANK is a retail and business bank in the UAE with assets of AED 52.8 billion, deposits of AED 36.9 billion and net profit of AED 505.4 million at the close of the year 2020. [3] The Bank provides conventional and Islamic retail, small business, and commercial banking services through a network of 27 branches as well as its ATMs, telephone ...
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 has 1 branch in Jersey. It also operates out of representative ...
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The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [1] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
Sheikh Tahnoun bin Zayed Al Nahyan, Chairman. Owner. Abu Dhabi Investment Council Company (33.3%) [1] Website. www .bankfab .com. First Abu Dhabi Bank (FAB) ( Arabic: بنك أبوظبي الأول) is the largest bank in the United Arab Emirates. It was formed following a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD).
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