The top banks in UAE are:
Emirates NBD is the
largest banking group in the Middle East. It is headquartered in Dubai and
employs 9,000 staff. The bank currently manages 221 branches and 1,023 ATMs and
SDMs in UAE and overseas. It operates through different business segments:
Retail Banking and Wealth Management, Wholesale Banking, Islamic Banking (IB),
International, and Information Technology and Operations.
In 2016, the bank’s
total assets amounted to US$121 billion and net profit reached US$1.97 billion.
Established in 1968,
the National Bank of Abu Dhabi is the largest lender bank in the Emirate of Abu
Dhabi. It provides corporate, retail, private, investment, and Islamic banking
services. The bank is headquartered in Abu Dhabi and is present in 19 countries
across the world.
The National Bank of
Abu Dhabi employs 10,849 staff. In 2016, the bank reported total assets of
US$114 billion and posted a net profit of US$1.44 billion.
Abu Dhabi Commercial Bank
Founded in 1985, Abu
Dhabi Commercial Bank provides retail, commercial, and Islamic banking, and
other financial services. The bank operates through the following business
segments: Consumer Banking, Wholesale Banking, Investments and Treasury
Banking, and Property Management. It employs 16,924 staff and is headquartered
in Abu Dhabi.
As of 2016, the total
assets of the bank were US$70 billion and net profit was US$1.13 billion.
First Gulf Bank
First Gulf Bank was
established in 1979 and is headquartered in Abu Dhabi. The bank‘s business
segments include Wholesale Banking Group, Treasury and Global Markets, Consumer
Banking, Real Estate, and Other Operations. It employs around 1,400 individuals
and is present in 19 countries, including Kuwait, China, the UK, France,
Malaysia, Bahrain, Sudan, Hong Kong, Switzerland Lebanon, Labuan, Oman, Egypt,
USA, Jordan, Brazil, and India.
In 2016, the bank’s
total assets amounted to US$66 billion and net profit reached US$1.65 billion.
Dubai Islamic Bank
Dubai Islamic Bank
came into existence in 1975 and is headquartered in Dubai. The bank operates
through its Consumer Banking, Corporate Banking, Real Estate Development,
Treasury, and Other business segments. It serves around 1.7 million customers
and maintains 90 branches across UAE.
In 2016, the bank
reported total assets of US$47 billion and posted a net profit of US$1.12
billion.
MashreqBank
Mashreq Bank was
founded in 1967 and is headquartered in Dubai. The bank is a Joint Stock
Company and is an associated company of the HSBC Group. It provides retail
banking, commercial banking, investment banking, Islamic banking, brokerage
services, and asset management services. The bank operates around 45 domestic
branches and 20 international branches and is present in Egypt, Qatar, Kuwait,
and Bahrain. It currently employs around 4,000 staff.
As of 2016, the bank’s
total assets were US$33 billion and net profit was US$531 million.
Abu Dhabi Islamic Bank
The bank was
established in 1997 and is headquartered in Abu Dhabi. It operates through the
following segments: Global Retail Banking, Global Wholesale Banking, Private
Banking, Treasury, Real Estate, and Others. It is present in Egypt, Iraq, Saudi
Arabia, and the UK.
In 2016, total assets
of the bank amounted to US$33 billion and net profit reached US$531 million.
Union National Bank
Founded in 1982, Union
National Bank provides commercial and investment banking services to salaried
individuals, self-employed individuals, high net worth individuals, and
business entities in the UAE and other countries. Headquartered in Abu Dhabi,
the bank manages a network of 76 branches around the world. It operates through
its International and Financial Institutions division and Treasury and
Investments division.
In 2016, the bank
reported total assets of US$28 billion and posted a net profit of US$430
million.
Commercial Bank of Dubai
The Commercial Bank of
Dubai was founded in 1969 and is headquartered in Dubai. The bank offers
corporate banking, commercial banking, personal banking, Islamic banking, and
support services. It is the 35th largest bank in
the Persian Gulf region.
As of 2016, the bank’s
total assets were US$17 billion and net profit was US$273 million.
RAKBank
Established in 1976,
RAKBank is headquartered in Ras Al-Khaimah, UAE. It is also known as the
National Bank of Ras Al Khaimah (P.J.S.C). The bank provides retail and
commercial banking services to individuals and businesses in UAE. The business
operates through five segments: Retail Banking, Wholesale Banking, Business
Banking, Treasury, and Insurance Business. It manages a network of 38 branches
and serves around 700,000 customers.
In 2016, the total
assets of the bank amounted to US$11 billion and net profit reached US$180
million.
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