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ADCB unveils pioneering financial services ventureAbu Dhabi Commercial Bank (ADCB) has launched Meedaf, a pioneering financial services venture designed to help banks and financial institutions across the UAE and GCC region enhance operational efficiency, reduce costs, and remain competitive More… |
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ADCB aims to double profit to $5.45bn profit in 5 yearsAbu Dhabi Commercial Bank (ADCB) has embarked on a visionary growth strategy, aiming to double net profit to AED20 billion ($5.45 billion) within five years. This move comes on the back of the bank More… |
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ADCB 9M net rises 19pc to record $1.86bn, Q3 net up 23pcAbu Dhabi Commercial Bank (ADCB) posted record net profit of AED6.85 billion ($1.86 billion) in the first nine months (9M) driven by growth of diversified income streams, enhanced efficiencies and lower impairment charges. This is a 19% YoY in More… |
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ADCB sets up corporate banking hub in KazakhstanAbu Dhabi Commercial Bank is expanding its strategic presence in Central Asia – a $1.751 trillion economy – by establishing a hub in Kazakhstan for its sophisticated Shari’ah compliant corporate banking services. More… |
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ADCB Q1 net before tax jumps 26pc to $660mADCB has continued its growth momentum into 2024, delivering a first quarter (Q1) net profit before tax of AED2.431 billion ($660 million), an increase of 26% year on year. Net profit after tax was AED2.139 billion, with a return on average ta More… |
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ADEX, Mashreq and ADCB to provide up to $100m to BGNAbu Dhabi Exports Office (ADEX), Mashreq and Abu Dhabi Commercial Bank (ADCB), have signed a financing facility with BGN offering up to $100 million to facilitate the export of energy commodities from the UAE. More… |
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ADEX, Mashreq and ADCB to provide up to $100m to BGNAbu Dhabi Exports Office (ADEX), Mashreq and Abu Dhabi Commercial Bank (ADCB), have signed a financing facility with BGN offering up to $100 million to facilitate the export of energy commodities from the UAE. More… |
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ADEX, Mashreq and ADCB to provide up to $100m to BGNAbu Dhabi Exports Office (ADEX), Mashreq and Abu Dhabi Commercial Bank (ADCB), have signed a financing facility with BGN offering up to $100 million to facilitate the export of energy commodities from the UAE. More… |
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ADCB plans Saudi expansion with Riyadh branchAbu Dhabi Commercial Bank (ADCB) has announced plans to establish a strategic presence in Saudi Arabia to support a growing client base. ADCB has received an in-principle approval from the kingdom’s Counc More… |
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ADCB sells 80pc stake in ADCP to Nine Yards Plus HoldingAbu Dhabi Commercial Bank (ADCB) has signed an agreement to divest 80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding. Nine Yards is a real estate subsidiary of EIH Et More… |
