The bank moved up four places to rank 109th in Brand Finance’s top 500 banking brands globally
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn
The bank will provide services for both corporate and institutional clients, including financing and working capital solutions
The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year
The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics
The rebranded division brings in-depth knowledge and expertise across a range of markets across the Middle East
The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East
Under the credit guarantee scheme, EDB will guarantee up to 50 per cent of the finance facility extended to SMEs by ADCB
The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations
The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn
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 reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The dividend payout equals to 49 per cent of the lender’s net profit for 2020
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
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
Second-quarter net profit for UAE-based top banks jumps 21 per cent
On August 19, the listed public joint stock companies booked Dhs11.7bn in gains
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic
Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020
The UAE’s biggest listed banks ranked by total asset size
The enlarged ADCB group, listed on ADX, has Dhs423bn in assets and over one million customers
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets
The biggest listed companies in the UAE by market capitalisation
Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets