|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 nationwide. It also has two branches in India, offshore branch in Jersey, and representative office in London.
Abu Dhabi Islamic Bank (ADIB) – The Shariah-compliant lender providing personal, business, private and corporate banking services. ADIB has international locations in Egypt, Iraq, Qatar and the United Kingdom. Recently, it acquired Barclays’s retail business in the UAE.
Al Ahli Bank of Kuwait has a presence in the UAE through two branches in Dubai and Abu-Dhabi.
Al Hilal Bank was founded on June 19, 2008 and is a 100% government-owned Islamic bank with 20 branches and over 100 ATMs across the country. It was named “Best Islamic Financial Institution” in the UAE by Global Finance magazine and “Best Islamic Asset Management Company” by International Finance Magazine.
Al Khaliji France operates a network of branches across Abu Dhabi, Dubai, Sharjah, and Ras Al Khaima. It is a subsidiary of Al Khalij Commercial Bank, one of Qatar’s leading financial institutions.
ABN Amro Bank N.V. has provided business and private banking services in the UAE since 1974.
Arab Bank for Investment & Foreign Trade (Al Masraf), based in Abu Dhabi, offers a full range of financial services through 11 branches.
Arab African International Bank offers the following products in the UAE: depository and retail asset products, remittances, safe boxes, trade finance and credit facilities.
Arab Bank PLC (Dubai) is a subsidiary of Arab Bank plc, a global Arab banking group headquartered in Amman, Jordan.
Bank of Baroda (UAE Branch) was established in 1974 and is located in Dubai.
Banque Du Caire has four branches in Dubai, Abu Dhabi, Ras al Khaima and Sharjah.
Bank Melli Iran (U.A.E.) has offices in Dubai, Abu Dhabi, Sharjah, Fujairah, Al Ain and Ras Al Khaimah.
Bank Saderat Iran has 8 branches and one regional office in the United Arab Emirates. The Bank's profit is one of the highest among foreign banks in the UAE.
Bank of Sharjah – A publicly listed Islamic financial services company. It operates through 5 branches located in the Emirates of Sharjah, Dubai, Abu Dhabi and City of Al Ain.
Barclays Bank PLC (Dubai International Financial Centre Branch)
Blom Bank France offers corporate and retail banking services in the UAE including trade finance, project financing, current accounts and term deposits.
BNP Paribas operates the full-service commercial branches in Dubai and Abu Dhabi as well as BNP Paribas Wealth Management (DIFC) Ltd in Dubai.
Commercial Bank International (CBI) provides standard banking services. The company’s shares are listed on the Abu Dhabi Securities Exchange.
Commercial Bank of Dubai operates through a network of approximately 30 branches and more than 200 ATMs nationwide.
Citibank has been present in the United Arab Emirates since 1964 when it opened its branch in Dubai. The company provides a wide array of products and services to retail, corporate and institutional customers. Citi also operates in Bahrain, Egypt, Qatar, Kuwait, Lebanon, Jordan, Tunisia, Pakistan, Morocco and Algeria.
Doha Bank, one of the largest commercial banks in Qatar, operates two branches and 23 ATMs in Dubai and Abu Dhabi.
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 Islamic Bank.
Dubai Islamic Bank (DIB) – A public joint stock company and one of the largest sharia-compliant lenders in the United Arab Emirates. As of February 9, 2017, it had a market capitalization of US$8.4 billion.
Emirates Investment Bank (formerly known as Arab Emirates Investment Bank) provides private and investment banking services.
Emirates Islamic bank – The second-largest Shariah-compliant lender in Dubai. It offers retail and corporate banking services through over 60 branches and 100 ATMs. It operates as a subsidiary of Emirates NBD PJSC.
Emirates NBD – One of the largest banking groups in the Middle East. As of December 2016, the company had total assets of AED 448 billion (US$122 billion).
First Gulf Bank (FGB) – One of the largest equity based banks in the UAE. The Bank is owned by several sons of the late Sheikh Zayed bin Sultan Al Nahyan.
Habib Bank AG Zurich (HBZ UAE) is one of the top five foreign banks in the United Arab Emirates.
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.
ICICI Bank Ltd (Abu Dhabi Representative Office, Dubai Representative Office)
Invest bank – A premier commercial bank offering a comprehensive range of products and services to corporate and retail customers. It is the first UAE bank to open a branch in Lebanon.
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. As of February 9, 2017, it had a market capitalization of US$4.1 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 December 31, 2016, NBAD had total assets of AED 420.7 billion (US$114.6 billion).
National Bank of Bahrain (Abu Dhabi Branch)
National Bank of Fujairah (NBF) is a corporate bank operating through about 20 branches in Fujairah, Abu Dhabi, Sharjah, Dibba, Deira, Dubai, Jebel Ali, Mussafah, Masafi, Qidfah, Ajman, Tawian, Al Ain, Fujairah Free Zone and Fujairah City Centre.
National Bank of Oman – The only Omani bank licensed to operate in Dubai.
National Bank of Umm Al-Qaiwain (NBQ) operates through around 30 branches across the seven Emirates. As of February 9, 2016, it had a market of AED 5.9 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. It 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. Rakbank is 52.8% owned by the Government of Ras Al-Khaimah.
Scotiabank offers precious metals products and services in the UAE. It is the first Canadian bank to operate in Dubai.
Standard Chartered operates the most extensive branch network among foreign banks in the UAE, with more than 10 branches, 5 electronic banking units and over 100 ATMs.
Sharjah Islamic Bank (SIB) – An Islamic bank providing a diverse range of Sharia’a compliant retail, commercial, corporate, investment and international banking services. As of June 30, 2016, the company had total assets of AED 29.8 billion.
UBS Group, a Swiss global firm, has a representative office in Abu Dhabi as well as UBS AG Dubai branch.
Union Bancaire Privée, a family-owned Swiss private bank, has a subsidiary (Union Bancaire Privée (Middle East) Ltd) and representative office in Dubai.
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 (UAB) was founded in 1975 and is based in Sharjah. It provides commercial and retail banking services through a network of over 30 offices across the Emirates. It was named Best Retail Bank in the UAE and Most Innovative SME Bank at Banker Middle East Industry Awards.
Top Banks in the United Arab Emirates
|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||Commercial Bank of Dubai (CBD)||16.711||06/30/2016|
|11||Emirates Islamic Bank||14.489||12/31/2015|
|12||Al Hilal bank||11.190||06/30/2016|
|13||National Bank of Ras Al Khaimah||11.138||06/30/2016|
|15||National Bank of Fujairah||8.805||06/30/2016|
|17||Sharjah Islamic Bank||8.127||06/30/2016|
|18||United Arab Bank||6.126||06/30/2016|