What is the full form of ADCB?
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What is the full form of ADCB?
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The full form of ADCB Abu Dhabi Commercial Bank.ADCB is a bank is founded in 1985 and headquartered in the United Arab Emirates. it was established as a public liabilities company with limited liability, and merger between Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, established in 1975.
About ADCB
1. The Government of Abu Dhabi hold about 62% of ADCB share through the Abu Dhabi Investment Council (ADIC), the balance is owned by other individual and entities.
2. ADCB is the third-biggest bank in the UAE regarding balance sheet size and offers a scope of business and retail banking services to its clients.
3. ADCB has over 5000 employees representing retail & corporate customers as of 30 September 2018.
4. ADCB has 56 branches in the UAE, and one branch in jersey.
5. ADCB is also operational in Singapore & London out of regional offices.
6. A three bank consolidation between ADCB, Union National Bank(UNB) and Al Hilal Bank was accounted for in January 2019.
7. The joined bank keeps on working as ADCB despite the fact that Al Hilal Bank works as an independent Islamic bank united under the new brand entity.
8. ADCB is the fifth-largest bank in the region, with around 1 million customers.
Area of Bussiness
ADCB is a public joint-stock company with a network of 48 branches in the United Arab Emirates and 1 in the UK, it offers services in commercial, retail, investment, brokerage, merchant & fund management operations.
