Abu Dhabi Commerical Bank (ADCB)
ADCB was formed in 1985 and as at 30 June 2014 employed over 4,300 people from 61 nationalities, serving over 561,000 retail customers and approximately 43,000 corporate and SME clients in 50 branches, 3 pay offices and 2 branches in India, 1 branch in Jersey and a representative office in London. As at 30 June 2014, ADCB’s total assets were AED 198 bn.
ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services.
ADCB is owned 60.2% by the Government of Abu Dhabi (Abu Dhabi Investment Council – 58.08% and Abu Dhabi Government Entity – 2.07%). Its shares are traded on the Abu Dhabi Securities Exchange. As at 30 June 2014, ADCB’s market capitalisation was AED 37 bn.