What is the full form of ADCB?
The ADCB full form is the Abu Dhabi Commercial Bank. ADCB was created in 1985 as a limited liability public shareholding company in the United Arab Emirates as a result of the merging of Emirates Commercial Bank, Khaleej Commercial Bank, and Federal Commercial Bank.
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Important points about ADCB
- About 62.52% of ADCB shares are owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council (ADIC). The remaining shares are owned by individuals and organizations.
- ADCB is the third-largest bank in the UAE in terms of balance sheet size and offers a variety of business and commercial banking services to its customers.
- As of September 30, 2018, approximately 5,000 individuals will represent retail and business customers. In addition to one division in Jersey, it has fifty-six branches in the UAE.
- Additionally, it operates in Singapore and London via regional offices.
- In January 2019, it was reported that ADCB, Union National Bank (UNB), and Al Hilal Bank would merge.
- While Al Hilal Bank operates as an independent Islamic bank merged under the new brand, the amalgamated bank continues to operate as ADCB.
- ADCB Company will be the fifth-largest bank in the region, with around one million customers.
Area of business of ADCB
The Bank is a United Arab Emirates-based public joint-stock business that offers commercial, retail, investment, brokerage, merchant, and fund management operations through its network of forty-eight locations throughout the UAE and one in the United Kingdom.
