Abu Dhabi Commercial Bank - Company Profile
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Abu Dhabi Commercial Bank (ADCB), a subsidiary of Abu Dhabi Investment Council, is a provider of traditional and Islamic banking solutions to individuals, high net worth individuals, government, and corporate customers. Its product and service portfolio comprises current and savings accounts; fixed deposits; debit and credit cards; savings and protection solutions; auto, personal, home, and education loans; corporate and structured finance; investment banking; and wealth management. It also offers other services such as foreign exchange, Islamic banking, brokerage, cash management, trade finance, and bond and Sukuk trading. The bank has a presence in the UAE, India, Jersey, Singapore, the UK, Cayman Islands, Isle of Man, and Luxembourg. ADCB is headquartered in Abu Dhabi, the UAE.
Headquarters
United Arab Emirates
Address
Abu Dhabi Commercial Bank Building, Shk Zayed Street, 939, P.O.Box
Website
www.adcb.com
Telephone
971 2 6962222
No of Employees
1,366
Industry
Financial Services
Ticker Symbol & Exchange
ADCB (ABD)
Revenue (2023)
$9.5B
59.2%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
27.5%
(2023 vs 2022)
Market Cap*
$16.8B
Net Profit Margin (2023)
XYZ
-19.9%
(2023 vs 2022)
* As of and is in US$
Abu Dhabi Commercial Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Brokerage |
| Accounts: | Wealth Management |
| Current | Cash Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Financing Agreements | In February, the bank along with Mashreq and Abu Dhabi Exports Office entered into a financing facility with BGN for US$100 million to accelerate the export of energy commodities from the UAE. |
| 2024 | Others | In January, the bank secured a license from the Saudi Cabinet to open a branch in Saudi Arabia. |
| 2023 | Contracts/Agreements | In December, the bank in partnership with First Abu Dhabi Bank, Emirates NBD and Tabreed announced AED 600 million green revolving credit facility. |
Competitor Comparison
| Key Parameters | Abu Dhabi Commercial Bank | Emirates NBD Bank | First Abu Dhabi Bank | Dubai Islamic Bank P.J.S.C. | Mashreqbank PSC |
|---|---|---|---|---|---|
| Headquarters | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| City | Abu Dhabi | Dubai | Abu Dhabi | Dubai | Dubai |
| State/Province | - | - | Abu Dhabi | - | - |
| No. of Employees | 1,366 | 6,922 | 2,544 | 1,920 | 1,913 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ala'a Eraiqat | Chief Executive Officer | Senior Management | 2009 | - |
| Deepak Khullar | Chief Financial Officer | Senior Management | 2008 | - |
| Paul Keating | Chief Risk Officer | Senior Management | 2018 | - |
| Rasha Mortada | Chief Compliance Officer | Senior Management | 2021 | - |
| Abdirizak Mohamed | Chief Internal Auditor | Senior Management | 2006 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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