Banks In UAE!!
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.
National Bank of Abu Dhabi
Established in 1968, the National Bank of Abu Dhabi is the largest lender among banks in UAE. 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, 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.
Mashreq Bank was founded in 1967, making it one of the older banks in UAE, 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, the 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. As the 35th largest bank in the Persian Gulf region, it is one of the most important banks in UAE.
As of 2016, the bank’s total assets were US$17 billion and net profit was US$273 million.
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.