Abu Dhabi Commercial Bank
|Founder(s)||Merger of three predecessor banks|
|Headquarters||Abu Dhabi, United Arab Emirates|
|Net income||Total Assets 148 billion|
|Owner(s)||Government of Abu Dhabi [through the Abu Dhabi Investment Authority (ADIA)] (65%)|
Abu Dhabi Commercial Bank (Arabic: بنك أبوظبي التجاري) (ADX: ADCB), commonly called ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, upon merger of Emirates Commercial Bank and Federal Commercial Bank with Khaleej Commercial Bank, which was established in 1975. The Government of Abu Dhabi through the Abu Dhabi Investment Authority (ADIA) holds 65% of ADCB shares; the remainder is held by other institutions and individuals. ADCB is one of the largest in the UAE in terms of shareholder funds and market capitalization. ADCB reported Full year 2013 net profit of AED 3,620 MN, compared to AED 2,810 MN in 2012.
Area of Business
The Bank is a United Arab Emirates-based public joint stock company that provides retail, commercial, investment, merchant, brokerage and fund management activities through its network of 48 branches in the United Arab Emirates and abroad: 2 branches in India and 1 in the UK.