Abu Dhabi Commercial Bank

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Abu Dhabi Commercial Bank PJSC
Traded asADXADCB
United Arab Emirates
Area served
United Arab Emirates
United Kingdom
ProductsFinancial Services
Total Assets 148 billion
OwnerGovernment of Abu Dhabi [through the Abu Dhabi Investment Authority (ADIA)] (65%)

Abu Dhabi Commercial Bank PJSC (Arabic: بنك أبوظبي التجاري‎) (ADXADCB), commonly called ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, following the mergers between Emirates Commercial Bank, Federal Commercial Bank and Khaleej Commercial Bank, which was established in 1975. The Government of Abu Dhabi through the Abu Dhabi Investment Council (ADIC) holds 62.52% of ADCB shares; the remainder is held by other institutions and individuals. ADCB is the third largest bank in the UAE in terms of balance sheet size and offers a full range of commercial and retail banking services to its customers. Additionally, it offers financial markets products in its local currency and USD to select customers to help them hedge market and credit risks associated with the banking services provided to them.

As at 30 September 2018, it employs over 5000 people from around 80 nationalities, serving retail and corporate clients. Aside from 56 branches in the UAE, it has 2 branch offices in India and 1 branch in Jersey. It also operates out of representative offices in Singapore and London.

In January 2019, a 3 bank merger was announced between ADCB, UNB (Union National Bank) and Al Hilal Bank. The combined bank will continue to operate as ADCB although Al Hilal Bank will operate as a standalone Islamic bank consolidated under the new group entity. Al Hilal will primarily focus on the domestic retail sector and invest heavily in transforming itself into a digital led product offering aimed at appealing to the local UAE population. ADCB Group will continue to be the third largest bank in the UAE and will become fifth largest in the region with approximately 1 million customers.[1][2][3][4][5]

Area of Business[edit]

The Bank is a United Arab Emirates-based public joint stock company that provides retail, commercial, investment, merchant, brokerage and fund management activities through its network of 48 branches in the United Arab Emirates and abroad: 2 branches in India and 1 in the UK.

Abu Dhabi Commercial Bank has branches in India in the following States.

  • Karnataka
  • Maharashtra

See also[edit]


  1. ^ Reuters. "Shares in ADCB, UNB, ADIB suspended after bank merger speculation". ArabianBusiness.com. Retrieved 2019-02-15.
  2. ^ "Abu Dhabi's three-way banking merger likely in 2019 first quarter". gulfnews.com. Retrieved 2019-02-15.
  3. ^ "Proposed bank merger in Abu Dhabi could lead to 1,000 job cuts - report". Gulf Business. 2018-12-24. Retrieved 2019-02-15.
  4. ^ "UAE banks ADCB and UNB agree on merger and takeover of Al Hilal". The National. Retrieved 2019-02-15.
  5. ^ John, Issac. "ADCB, UNB, Al Hilal merge to form Dh420 billion bank". Khaleej Times. Retrieved 2019-02-15.

External links[edit]