Abu Dhabi Commercial Bank (ADCB)

Key details

• Parent: assets

Overview

Abu Dhabi Commercial Bank (ADCB) is UAE commercial bank + ADX: ADCB + Abu Dhabi Investment Council ADIC UAE Abu Dhabi government sovereign wealth fund ~62%+ controlling + UAE retail + institutional + foreign investors free float + one of UAE's largest commercial banks by assets + founded Jul 1 1985 in Abu Dhabi UAE via consolidation of Khalij Commercial Bank + Emirates Commercial Bank + Federal Commercial Bank + 2019 Union National Bank UNB + Al Hilal Bank consolidation [1, ae-cro].

History

Jul 1 1985 — Abu Dhabi Commercial Bank ADCB founded in Abu Dhabi UAE via consolidation of Khalij Commercial Bank + Emirates Commercial Bank + Federal Commercial Bank under Abu Dhabi government sovereign wealth fund consolidation distinctive UAE banking heritage.

May 1 2019 — ADCB completes ~$13.7B consolidation with Union National Bank UNB + Al Hilal Bank under Abu Dhabi Investment Council ADIC distinctive UAE banking consolidation as one of UAE's largest banking mergers.

2014 — ADCB Mobile banking app launch.

Ownership & operator

Operating entity: Abu Dhabi Commercial Bank ADCB (UAE commercial bank; ADX: ADCB).

Major shareholders: Abu Dhabi Investment Council ADIC (UAE Abu Dhabi government sovereign wealth fund) ~62%+ controlling + UAE retail + institutional + foreign investors free float.

Regulators: Central Bank of UAE CBUAE + national regulators across 3+ countries.

Technical integration

ADCB Mobile app (iOS + Android) + adcb.com online + ADCB branch network across UAE + India + UK international branches + ADCB Visa + Mastercard + American Express cards; EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.

Implementations & partners

ADCB Islamic banking subsidiary: [[al-hilal-bank]] (Al Hilal Bank; UAE Islamic commercial bank; ADCB UAE parent ~100%+ controlling post-May 1 2019 consolidation; relaunched 2023 as digital-first Islamic commercial bank).

Major UAE banking + payments competitors: [[fab]] (First Abu Dhabi Bank FAB; ADX: FAB; UAE's largest commercial bank by assets) + [[emirates-nbd]] (Emirates NBD Bank; DFM: EMIRATESNBD; UAE commercial bank; ~9M+ Emirates NBD customers globally) + [[mashreq-neo]] (Mashreq Bank; DFM: MASB; UAE commercial bank) + [[dubai-islamic-bank]] (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic commercial bank by assets) + [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank ADIB; ADX: ADIB; UAE Islamic commercial bank) + [[rakbank]] (RAKBANK; ADX: RAKBANK; UAE commercial bank).

Regulators: Central Bank of UAE CBUAE + national regulators across 3+ countries.

Status

Active, UAE commercial bank + ADX:ADCB + Abu Dhabi Investment Council ADIC UAE Abu Dhabi government sovereign wealth fund ~62%+ controlling + UAE retail + institutional + foreign investors free float + one of UAE's largest commercial banks by assets + founded Jul 1 1985 in Abu Dhabi UAE via consolidation of Khalij Commercial Bank + Emirates Commercial Bank + Federal Commercial Bank + 2019 Union National Bank UNB + Al Hilal Bank consolidation [1, 2].

Sources

• 1 ADCB — official
• 2 ADCB — Wikipedia
• ae-cro In-corpus: reports/countries/AE-united-arab-emirates.md

Source

Biography extracted from adcb-uae.md. See matrix.md for standards-support matrix if present.