UAEs UBF on how the banking sector-is-supporting-green-finance-initiatives-GettyImages-83975094

These UAE banks invested over Dhs190bn in green financing, reveals UBF

The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022


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 Group Q1 2023 results

ADCB’s Q1 2023 profit surges to $509m on higher net interest

The bank’s net interest income rose by 33 per cent to Dhs2.85bn while non-interest income surged by 34 per cent to reach Dhs1.06bn

ADCB denies reports about NPLs

ADCB denies report of talks to sell $3.7bn of bad loans

The bank said it continuously explores opportunities to boost shareholder value but does not foresee any transaction of this nature materialising in 2023

UAE banks' net profits

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness

ADCB green bond

ADCB prices $500m Reg S green bond to support financing of low-carbon initiatives

The bank has adopted a ‘Green Bond Framework’ to provide a long-term platform to support further mobilisation of capital for green projects


ADCB joins ‘Buna’ system to enhance regional cross-border payments

The Buna platform offers stringent levels of governance and transparency through increased oversight from central banks as well as effective reporting and compliance mechanisms

Accor ADCB Raffles The Palm Dubai

Accor, ADCB partner to launch ALL-ADCB credit card in the UAE

The ALL-ADCB Infinite and Signature credit cards offer members benefits at over 30 Accor properties in the UAE

ADCB expands mortgage business, acquires portfolio from Abu Dhabi Finance

Customers are expected to transfer to the ADCB banking platform during the first half of 2021

Abu Dhabi’s ADCB sees creditors approval for NMC restructuring in first half

The bank recorded $450m in provisions and interest in suspense toward NMC, Finablr and associated companies last year

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


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

NMC administrators start selling its assets to pay the UAE hospital operator’s creditors

The moves mark the official beginning of the dismantling of NMC, which once had a market value of up to $11bn

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

NMC controversy: Founder BR Shetty issues first public statement, denies wrongdoing

Shetty claimed he was also a victim of fraud and put the blame on a “small group of current and former executives”