Commercial Bank International (CBI)

Key details

• Launch: 1991

Overview

Commercial Bank International (CBI) is UAE commercial bank + ADX: CBI + Qatar National Bank QNB QSE: QNBK held ~40% until its 2017 exit + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1991 in Ras Al Khaimah UAE as Commercial Bank International [1, ae-cro].

History

1991 — Commercial Bank International CBI PJSC founded in Ras Al Khaimah UAE as Commercial Bank International distinctive UAE banking heritage.

2008 — Qatar National Bank QNB Qatari parent acquires ~40%+ controlling minority stake in CBI distinctive UAE-Qatari banking partnership.

2014 — CBI Mobile banking app launch.

Ownership & operator

Operating entity: Commercial Bank International CBI PJSC (UAE commercial bank; ADX: CBI).

Major shareholders: Qatar National Bank QNB (QSE: QNBK) Qatari parent ~40%+ controlling minority + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float.

Regulators: Central Bank of UAE CBUAE.

Technical integration

CBI Mobile app (iOS + Android) + cbiuae.com online + Commercial Bank International branch network across UAE + CBI Visa + Mastercard cards; EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.

Implementations & partners

Parent group: [[qnb-group]] (Qatar National Bank QNB; QSE: QNBK; Qatar's largest commercial bank by assets; Middle East + Africa's largest commercial bank by assets).

Major UAE banking + payments competitors: [[fab]] (First Abu Dhabi Bank FAB; ADX: FAB) + [[emirates-nbd]] (Emirates NBD Bank; DFM: EMIRATESNBD) + [[adcb-uae]] (Abu Dhabi Commercial Bank ADCB; ADX: ADCB) + [[mashreq-neo]] (Mashreq Bank; DFM: MASB) + [[rakbank]] (RAKBANK; ADX: RAKBANK; UAE commercial bank) + [[commercial-bank-of-dubai]] (Commercial Bank of Dubai CBD; DFM: CBD; UAE commercial bank) + [[bank-of-sharjah]] (Bank of Sharjah; ADX: BOS) + [[national-bank-of-fujairah]] (National Bank of Fujairah NBF; ADX: NBF).

Regulators: Central Bank of UAE CBUAE.

Status

Active, UAE commercial bank + ADX:CBI + Qatar National Bank QNB QSE:QNBK Qatari parent ~40%+ controlling minority + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1991 in Ras Al Khaimah UAE as Commercial Bank International [1, 2].

Sources

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

Source

Biography extracted from commercial-bank-international-uae.md. See matrix.md for standards-support matrix if present.