|ADCB||Al Hilal Bank||Dubai Bank||NBAD||NBD||Union National Bank|
Abu Dhabi Commercial Bank (ADCB) – A diversified full service bank. ADCB was established in 1985 and is one of the largest banks in the UAE by market capitalization. The company operates a network of about 50 offices and over 300 ATMs throughout the country. It also has two branches in India, offshore branch in Jersey, and representative office in London.
Abu Dhabi Islamic Bank (ADIB) – An Islamic bank located in Abu Dhabi. The founding shareholders of ADIB are members of the ruling family, Abu Dhabi Investment Authority and prominent UAE nationals. In 2010, ADIB was named "The Best Islamic Bank" in the region by the Banker Middle East magazine. ADIB has international locations in Egypt, Iraq, Qatar and the United Kingdom.
Al Hilal Bank was founded on June 19, 2008 and is a 100% government-owned Islamic bank. The Bank has 20 branches and over 100 ATMs across the country. In 2015, it was named “Best Islamic Financial Institution” in the UAE by Global Finance magazine and “Best Islamic Asset Management Company” by International Finance Magazine.
Citibank UAE – The branch of Citibank N.A. USA. Citibank has been present in the United Arab Emirates since 1964 when it opened its first branch in Dubai. Citi has been present in the Middle East since 1955 and offers full range corporate and investment banking services in Egypt, UAE, Bahrain, Qatar, Kuwait, Lebanon, Jordan, Tunisia, Pakistan, Morocco and Algeria.
Dubai Bank, established in 2002, was an Islamic bank providing corporate and personal banking services through more than 20 branches across the country. It was acquired by Emirates NBD.
Dubai Islamic Bank (DIB) – An Islamic bank in Dubai, established in 1975. DIB is a public joint stock company and one of the largest sharia-compliant lenders in the United Arab Emirates. As of August 18, 2016, it had a market capitalization of AED 27.7 billion (US$7.5 billion).
Emirates NBD – One of the largest banking groups in the Middle East by total assets. It was created in 2007 through the merger of Emirates Bank International and the National Bank of Dubai (NBD). As of June 2015, the company had assets of AED 388.1 billion (US$105.7 billion), loans of AED 256.2 billion (US$69.8 billion) and deposits of AED 274.4 billion (US$74.7 billion). The Group operates in the UAE, Saudi Arabia, Egypt, Singapore and the United Kingdom and has representative offices in India, China and Indonesia.
First Gulf Bank (FGB) – One of the largest equity based banks in the UAE, established in 1979. The bank is owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan.
HSBC Bank Middle East (UAE Branch) – HSBC is the largest and most widely represented international bank in the Middle East. The United Arab Emirates represents a key part of HSBC's business.
Mashreq Bank is the largest private sector bank in the UAE with a growing retail presence in the region including Qatar, Kuwait, Egypt and Bahrain. It provides current and savings accounts, personal loans, car loans, mortgage loans, credit cards, life and general insurance, trade and corporate finance, cash management, brokerage services, investment banking, international banking, private banking, Islamic banking, online and mobile banking and other services. As of June 30, 2015, it had total assets of AED 112.3 billion (US$30.6 billion).
National Bank of Abu Dhabi (NBAD), founded in 1968, is one of the World's 50 Safest Banks according to Global Finance. NBAD's long-term ratings are: AA- (S&P), Aa3 (Moody's), and AA- (Fitch). This is one of the strongest ratings among the Middle Eastern financial institutions. As of June 30, 2015, NBAD had total assets of AED 392.6 billion (US$106.9 billion).
Noor Bank (formerly Noor Islamic Bank) – A Shari’a compliant commercial bank, established in 2007. It is owned by Emirates Investment Authority and Noor Investment Group.
RAKBANK – The trading name of the National Bank of Ras Al-Khaimah. The Bank provides retail and corporate banking services through a network of more than 30 branches. The company was founded in 1976 and is based in the emirate of Ras Al-Khaimah, the UAE. RAKBANK is 52.8% owned by the Government of Ras Al-Khaimah.
Sharjah Islamic Bank (SIB) – An Islamic bank headquartered in the emirate of Sharjah, the UAE. The Bank provides a diverse range of Sharia’a compliant retail, commercial, corporate, investment and international banking services. As of June 30, 2016, it had total assets of AED 29.8 billion.
Union National Bank – One of the leading local banks in the UAE with 110 retail branches and business offices, 257 ATMs and over 1,840 employees. It also has overseas branches in Egypt, Qatar and Kuwait as well as a representative office in China. UNB was founded in 1982 and is headquartered in Abu Dhabi.
United Arab Bank was founded in 1975 and is based in Sharjah, the UAE. The company provides commercial and retail banking services through a network of over 30 offices across the Emirates. In 2015, UAB was named Best Retail Bank in the UAE and Most Innovative SME Bank at Banker Middle East Industry Awards.
Top Banks in the UAE
|Rank||Company||Total assets, US$b||Balance sheet|
|2||National Bank of Abu Dhabi||114.211||06/30/2016|
|3||Abu Dhabi Commercial Bank (ADCB)||65.564||06/30/2016|
|4||First Gulf Bank||61.885||06/30/2016|
|5||Dubai Islamic Bank||46.850||06/30/2016|
|7||Abu Dhabi Islamic Bank (ADIB)||33.090||06/30/2016|
|9||Union National Bank||27.840||06/30/2016|
|10||Al Hilal bank||11.190||06/30/2016|
|11||National Bank of Ras Al Khaimah||11.138||06/30/2016|
|14||Sharjah Islamic Bank||8.127||06/30/2016|
|15||United Arab Bank||6.126||06/30/2016|