Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank PJSC (Arabic: بنك أبوظبي التجاري) (ADX: ADCB), commonly called ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, following the mergers between Emirates Commercial Bank, Federal Commercial Bank and Khaleej Commercial Bank, which was established in 1975. The Government of Abu Dhabi through the Abu Dhabi Investment Council (ADIC) holds 62.52% of ADCB shares; the remainder is held by other institutions and individuals. ADCB is the third largest bank in the UAE in terms of balance sheet size and offers a full range of commercial and retail banking services to its customers. Additionally, it offers financial markets products in its local currency and USD to select customers to help them hedge market and credit risks associated with the banking services provided to them.
Abu Dhabi Commercial Bank engages in the provision of retail, commercial, and Islamic banking, and other financial services. It operates through the following business segments: Consumer Banking, Wholesale Banking, Investments and Treasury Banking, and Property Management. The Consumer Banking segment covers consumer, retail, wealth management, and Islamic operations divisions. The Wholesale Banking includes business and investment banking, cash management, trade and corporate finance, Indian operations, and infrastructure and strategic client operations. The Investment and Treasury Banking segment focuses on central treasury operations, investment portfolio and interest rate management, and provides currency and commodity derivative portfolio services. The Property Management segment comprises real estate management and engineering service operations. The company was founded on July 1, 1985 and is headquartered in Abu Dhabi, United Arab Emirates.
