This is the list of banks in Dubai (United Arab Emirates). The United Arab Emirates popularly known for its major tourism city Dubai is a federal absolute monarchy sovereign state and a fully Islamic nation. It is worthy to note that the seventh world’s natural gas reserves is found in this beautiful nation. Apart from been known for these feature, the UAE also possess a robust banking sector with well over 23 local banks as well as about 24 licensed foreign banking systems.
- 1 List of Banks in Dubai.
- 2 Abu Dhabi Islamic Bank
- 3 Union National Bank (UNB)
- 4 Commercial Bank of Dubai
- 5 RAKBANK
- 6 Arab Bank
- 7 Bank of Baroda
- 8 Habib Bank AG Zurich
- 9 HSBC Bank Middle East
- 10 Sharjah Islamic Bank
- 11 Noor Bank
- 12 The National Bank of Fujairah
List of Banks in Dubai.
Here are some of the banking financial institutions in Dubai as well as other parts of United Arab Emirates.
Emirates NBD is one of the largest banks in the United Arab Emirates and was founded in the year 2007. It is among the youngest banks in the United Arab Emirates and is headquartered in National Bank of Dubai Building in Dubai. The bank proffers banking products such as Investment banking, Commercial banking, and credit card banking and so on. Currently, the Emirates NBD controls well over $121.98 billion in assets.
The National Bank of Abu Dhabi.
The National Bank of Abu Dhabi was founded in the year 1968 and proffers banking products such as Commercial banking, Investment banking, Property management as well as Islamic banking, The National Bank of Abu Dhabi is the largest lender bank in Abu Dhabi and the second largest in the United Arab Emirates. The NBAD currently holds well over $220.4 billion is assets across the UAE and in several subsidiaries in countries such as Hong Kong, Kuala Lumpur as well as China. The NBAD has a wide and extensive branch network across 17 countries in the World up to 60 branches and offices inside and outside the UAE.
Abu Dhabi Commercial Bank.
The Abu Dhabi Commercial Bank was founded in the year 1985 ensuing from a merger between Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial bank. It is a public shareholding company but the Government of Abu Dhabi controls about 65% of Abu Dhabi Commercial Bank’s shares. Currently the Bank holds about 148 billion dollars in assets. The Abu Dhabi Commercial Bank currently holds a network of over 48 branches in the UAE as well as 2 branches in India and 1 in the UK.
FGB formerly called the First Gulf Bank also known as FGB is undoubtedly the 3rd largest bank in Dubai, United Arab Emirates. It was founded in the year 1979 and it is headquartered in Abu Dhabi. The First Gulf Bank controls well over $66 billion in assets and proffers many financial products including Wholesale banking, Consumer banking as well as Treasury and Investments. FGB has a network of branch offices across the United Arabs Emirates and in some major cities in the World such as London, India, Hong Kong, Seoul, South Korea, as well as Libya. In 2014, the FGB Bank was rated as the 8th most powerful company and 4th leading bank among the top Arab World bank list by Forbes.
Dubai Islamic Bank.
The Dubai Islamic Bank was founded in the year 1975 and is headquartered in the Dubai, United Arabs Emirates. The Dubai Islamic Bank was the first bank in the United Arab Emirates to incorporate Islamic practices into its banking activities as has since then followed strictly on Sharia’ s principle with regards to banking. The Dubai Islamic Bank controls well over 90 branch offices in the Untied Arab Emirates and well over 110 branches across 62 major cities in Pakistan.
The Mashreqabank was founded in the year 1967 and is headquartered in Dubai. It proffers banking products and services such as Retail banking, Asset management as well as Investment banking. The MashreqBank of UAE is the oldest private sector bank in United Arab Emirates and the first to launch conventional banking systems such as ATM cash dispensers, credit card banking as well as Consumer loans. The Mashreq bank has well over 12 branch offices across nine countries including the United States, Asia and Africa.
Abu Dhabi Islamic Bank
Abi Dhabi Islamic bank is an Islamic Bank founded in the year 1997 and headquartered in the city in of Abu Dhabi city in UAE. It was established as a Public Stock Company and currently handles all financial transactions in accordance with Islamic Shari’ a principles.
Union National Bank (UNB)
The UNB Bank was founded in the year 1982 as a public stock company and is head quartered in Abu Dhabi. It remains among the top banks in Untied Arab Emirates and offers many banking products including Corporate banking, commercial banking etc. the UNB has a wide network of branch offices amounting to 56 across the Emirates as well as other countries in the World such as Egypt.
Commercial Bank of Dubai
The Commercial Bank of Dubai is one of the Indigenous banks in the United Arab Emirates and was founded in the year 1969. It is headquartered in Dubai, the capital city and controls well over $10 billion in assets. The Commercial Bank of Dubai came as a result of a merger between Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait in United Arab Emirates. It is regarded worldwide has the 35th largest bank in the Persian Gulf region. The Commercial Bank of Dubai proffers banking products such as consumer Banking, Corporate banking Wealth Management and so on.
RAKBANK is a subsidiary or otherwise known as the trading name of the National Bank of Ras Al-Khaimah, a public stock Company based in the UAE. The RAKBANK offers banking products such as Wealth Management, Insurance banking, Business Banking, Credit Cards as well as Islamic banking products and services. The RAKBANK controls well over AED34.5 billion and have a network of 39 branch offices and 293 ATMs across the Emirates.
The Arab Bank is among the largest banks in the UAE. It was founded in the year 1930 and is headquartered in Amman, Jordan in Jerusalem. The Arab Bank is a multinational financial Institution spanning well over 30 countries in 5 continents. It was the first private sector bank in the United Arab Emirates. The Arab Bank has well over 600 branch offices and proffers many financial packages including Investment banking, Brokerage, Commercial Banking, credit cards, Asset management, Capital Markets, Corporate financing etc. Currently the Arab Bank holds well over $47 billion in assets.
Bank of Baroda
The Bank of Baroda was founded in the year 1908 and is headquartered in Vadodara, Gujarat, India. It is an Indian owned banking institution but has subsidiaries in the UAE. It is among the largest banks in UAE The Bank of Baroda has well over 5481 branches across several countries in the World. The Bank also proffers many banking packages including; Wealth Management, Investment banking, Consumer banking as well as Corporate banking platforms. Currently the Bank of Baroda controls well over $6.5 billion in assets
Habib Bank AG Zurich
The Habib Bank AG Zurich was founded in the year 1967 and is a Swiss multinational commercial bank based in Switzerland. The Habib bank not only has subsidiaries in the United Arab Emirate but also as well Canada, Hong Kong, Kenya, Pakistan, South African and the United Kingdom. The Habib Bank AG is a large financial institution proffering many banking packages including Investment Banking, Consumer banking, Credit Card Banking.
HSBC Bank Middle East
The HSBC Bank Middle East is the largest bank in the Middle East. It was founded in the year 1889 and is headquartered in Saint Heller, Jersey, Channel Islands. The HSBC controls many branch offices around the Middle East including countries like Algeria, Bahrain, Djibouti Israel and so much more. In the United Arab Emirates, the HSBC Bank has well over 24 branches and maintains a key role in the United Arab Emirates Bank. The Bank proffers many financial packages including Commercial Banking, Wealth management, Corporate banking etc.
Sharjah Islamic Bank
The Sharjah Islamic bank was formerly known as the National Bank of Sharjah. It was founded in the year 1976 and is headquartered in Sharjah UAE. It is a publicly listed Islamic bank.
The Noor Bank was founded in the year 2008 and is among the youngest banks in the United Arab Emirates. It is headquartered in Dubai and has a network of branch offices across the Emirates, it is an Islamic Bank and has been awarded as the Best New Islamic bank in 2008 by the International Islamic Finance Forum. The Noor Bank offers may banking products including Investment banking, Corporate banking and so on.
The National Bank of Fujairah
The national Bank of Fuhjairah was founded in the year 1982 and is headquartered in Fujiarah, United Arab Emirates. It offers many banking products including Corporate banking services across well over 16 branches in the United Arab Emirates.
This list does not in any way extensively denote all of the banks in the United Arab Emirates. There are many more financial institution as well as many foreign bank subsidiaries. We would love to hear your thoughts on which bank you love best.
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