On a half yearly basis, the rise in net profit before tax is at 28 percent
Abu Dhabi Commercial Bank
Latest in Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank
ADCB tops list as best bank in UAE for customer experience: KPMG report
The ranking survey is conducted by KPMG Lower Gulf
Abu Dhabi Commercial Bank
ADCB set to expand in Saudi Arabia with its first branch in Riyadh
Bank says the strategic move will support a growing client base and contribute to the deepening of regional economic relationships
Abu Dhabi
Abu Dhabi announces traffic fine instalment scheme
Abu Dhabi’s ITC introduces new traffic fine instalment payment scheme
Abu Dhabi Commercial Bank
Abu Dhabi-based ADCB to sell 80 percent majority stake in subsidiary to Nine Yards Plus Holding
ADCB plans to retain a 20 percent stake in ADCP and expects to generate AED400 million ($108.9 million) from the sale
Abu Dhabi Banks
ADCB profits increase 23% to $526m
ADCB sees profits climb again in second quarter of 2023
Abu Dhabi
Barakah One completes successful refinancing of UAE’s nuclear energy plant
Barakah One company refinances outstanding loan from Korean bank with Abdu Dhabi Commercial Bank and First Abu Dhabi Bank
Abu Dhabi Commercial Bank
ADCB Private and Wealth Management
An evolving and innovative private banking proposition in the UAE
Abu Dhabi
Abu Dhabi Commercial Bank profits leap 27%
Abu Dhabi Commercial Bank net profits reached $511.4m in Q1
Abu Dhabi
Digital innovations help drive ADCB to record $1.75bn net profit
It’s an increase of 23 percent compared to FY 2021; The bank also recommended a dividend of AED0.55 per share, up from AED0.37 last year
Abu Dhabi Commercial Bank
ADCB, Emirates Development Bank partner on credit guarantee scheme
A MoU was signed to boost financial inclusion of small-to-medium sized enterprises
Abu Dhabi
ADCB reports 25% jump in net profit to AED1.59 billion in Q3, 2022
The bank also delivered a record net profit of AED4.65 billion in the first nine months of this year, an increase of 22 percent over the same year-ago period
Abu Dhabi
ADX adds Abu Dhabi Islamic Bank, AD Ports, three more in its single stock futures list
The expansion of the single stock futures list is in a bid to strengthen the bourse’s derivatives market
Abu Dhabi Commercial Bank
ADCB prices’ green bond to raise $500 million to support ESG-based projects
The bond, follows a global roadshow and reflects confidence in ADCB and its approach to managing ESG risks and opportunities
Abu Dhabi Commercial Bank
ADCB in plans to sell $1 billion of bad debt to clean up corporate defaults
The emirate’s second-largest lender, has been “tied up” in restructuring talks and has been forced to write down the value of many of the loans, according to Bloomberg
Abu Dhabi Commercial Bank
New UAE AED5, AED10, AED50 banknotes enter circulation
The notes entered circulation after being distributed to all banks in the UAE
Abu Dhabi
Abu Dhabi’s ADCB records 32 percent increase in net profit to $403.74 million despite global uncertainty
ADCB has consistently been proactive in supporting the rescue and turnaround of the NMC Group, which led to the bank receiving 37.5 percent of a new $2.25 billion facility issued by NMC HoldCo SPV Ltd