#Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank - ADCB

UAE bank ADCB Q4 net profit jumps 38%, beats forecasts

Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn

ADCB obtains Saudi banking licence in regional expansion push

ADCB secures Saudi banking licence in regional expansion push

The bank will provide services for both corporate and institutional clients, including financing and working capital solutions

Tabreed signs Dhs600m revolving credit facility

UAE’s Tabreed secures Dhs600m revolving credit facility

The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework

UAE’s top banks post $7.4bn in H1 2023 net profit

Top UAE banks’ combined H1 2023 profit hits $7.4bn

The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

ADCB

ADCB’s Q2 2023 net profit jumps 23% to Dhs1.93bn

The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics

ADCB is rebranding its wholesale banking

Here’s why ADCB is rebranding its wholesale banking

The rebranded division brings in-depth knowledge and expertise across a range of markets across the Middle East

shuaa

Dubai’s Shuaa bolsters investment bank with Credit Suisse hires

The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East

Emirates Development Bank, ADCB to partner on credit guarantee scheme for SMEs

Emirates Development Bank, ADCB to partner on credit guarantee scheme for SMEs

Under the credit guarantee scheme, EDB will guarantee up to 50 per cent of the finance facility extended to SMEs by ADCB

UAE President wipes out over Dhs536.2m debt for Emiratis

The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations

Abu Dhabi's ADCB reports 22% rise in net profit for first nine months of 2022

Abu Dhabi’s ADCB reports 22% rise in net profit for first nine months of 2022

The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn

ADDED Abu-Dhabi_

Abu Dhabi’s ADDED introduces easy payment plan for business owners

The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments

ADCB Q1 2022 earnings

ADCB reports 32% rise in net profit to Dhs1.48bn for Q1 2022

ADCB reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter

UAE’s First Abu Dhabi Bank and ADCB deny report of potential merger

The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report

ADCB

Abu Dhabi Commercial Bank reports Dhs1.121bn in Q1 net profit, up 436 per cent y-on-y

Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially

Abu Dhabi Commercial Bank recommends Dhs1.878bn in cash dividends for 2020

The dividend payout equals to 49 per cent of the lender’s net profit for 2020

Banks erase debt worth Dhs869.85m of 1,607 Emiratis

The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan

Abu Dhabi Commercial Bank ADCB

UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y

It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year

Top UAE banks signal slow recovery for Q3 2020 – report

Second-quarter net profit for UAE-based top banks jumps 21 per cent

Market cap of UAE-listed companies crosses Dhs1 trillion mark

On August 19, the listed public joint stock companies booked Dhs11.7bn in gains

ADCB

UAE’s ADCB to lay off around 400 employees – reports

The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic

UAE’s ADCB posts 82% drop in Q1 net profit on NMC impairment charges

Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Abu Dhabi banks ADCB, UNB and Al Hilal merge to create third largest UAE lender

The enlarged ADCB group, listed on ADX, has Dhs423bn in assets and over one million customers

ADCB’s chairman, CEO to fill top positions in new Abu Dhabi merged bank – sources

The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets

Revealed: Top 10 companies in the UAE in 2018

The biggest listed companies in the UAE by market capitalisation

Exchange houses hold talks with UAE Central Bank over new rules

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Revealed: Top 50 GCC banks

Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets

Revealed: Top 10 banks in the UAE

The country’s biggest listed banks, as ranked by total asset size

Revealed: Top 10 companies in the UAE in 2016

The biggest listed companies in the UAE as ranked by market capitalisation