ArabianBusiness.com - Middle East Business News
Friday, 09 January 2009 04:56 UAE time

YOUR DIRECTORY /

Abu Dhabi Commercial Bank (ADCB)

Main Category: Commercial Bank
First Address : PO Box 939
Second Address : Salam Street
City : Abu Dhabi
Country : United Arab Emirates
Phone: 971 2 6962222
Fax: 971 2 6450384
Website: www.adcb.com


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ALL STORIES LIST


Moody's downgrades outlooks for UAE banks

Investors services agency takes action amid mounting liquidity pressures in economy.

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UAE loan growth may slow to 10% - ADCB

UPDATE 1: CEO Eirvin Knox says 50% loan growth 'not sustainable' in current economic climate.

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NBAD would welcome merger - CEO

Tomalin says management of Abu Dhabi's largest bank in favour, but decision up to gov't.

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ADCB exposed to funding pressures - Merrill

US bank says Abu Dhabi Commercial exposed due to amount of wholesale funding.

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Gulf banks face merger pressure

Speculation intensifies Abu Dhabi's leading banks to face first forced merger in the Gulf region.

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Abu Dhabi bank shares soar for second day

Merger speculation sees Abu Dhabi's ADCB up 10% and NBAD up 7% in early trading.

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UAE banks downplay merger talks

Abu Dhabi banks ADCBl and NBAD describe merger reports as just 'rumour' as lenders' share prices soar.

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Lehman exposure limited - UAE banks

Three of Gulf state's largest lenders say they have limited or no exposure to financial turmoil.

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ADCB replaces chairman in shake-up

Saeed Al-Hajeri and four other board members at bank go, no reason given.

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ADCB launches legal action over collapsed US investment

Abu Dhabi Commercial Bank sues US firms for fraud over failed investment vehicle.

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ADCB profit up 34% in Q2

Abu Dhabi Commercial Bank posts second-biggest quarterly-profit ever, profit of $178.5mn.

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ADCB to issue $1.2bn of bonds in Asia

Abu Dhabi lender looking to tap into growing opportunities in Malaysia, Singapore, sources say.

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Interpol no longer chasing ADCB chief

Eirvin Knox says Interpol has removed a notice seeking his detention over 'baseless' charges.

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ADCB approves Gulf Capital financing

UAE lender agrees AED800m medium term revolving facility.

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ADCB bank CEO takes action on Interpol warrant

CEO Eirvin Knox takes legal action in Philippines after Interpol seeks arrest.

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Revealed: Interpol arrest warrant for ADCB CEO

Warrant issued for Eirvin Knox related to divorce and not bank's activities.

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Interpol issues warrant for CEO of ADCB

UPDATE 3: Warrant for Eirvin Knox issued in Philippines, related to divorce case.

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ADCB buys RHB stake, see profits doubling

Abu Dhabi lender acquires 25% of Malaysia's fourth largest lender for $1.23bn.

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ADCB to double earnings, plans acquisition frenzy

Abu Dhabi lender also to sell as much as $1.31bn of bonds to finance expansion.

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ADCB plans Islamic unit after year delay

Unit will start operations in fourth quarter, services will include arranging sale of Islamic bonds.

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Abu Dhabi bourse plans Asia roadshow

Some of emirate's biggest listed companies to accompany stock market on public relations drive.

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The art and science of SME

Regional banks are waking up to the need for services catering to start-up enterprises.

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ADCB urges UAE to ditch dollar peg

Gov't should reconsider peg in light of long-term growth prospects in region, chief executive says.

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Abu Dhabi to get 200 new buildings by '09 - ADCB

Buildings part of gov't attempts to solve severe housing shortage in emirate.

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ADCB slashes lending rates

Abu Dhabi Commercial Bank reduces rates in move that may spur property prices and inflation.

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Gulf banks conceal subprime losses

Ratings agency Standard and Poor's warns lenders may be hiding shortfalls related to mortgage crisis.

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ADCB eyes $1.2bn stake in Malaysian bank

Abu Dhabi Commercial Bank to buy into RHB Capital to offer Islamic financial services.

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Business boom time for Abu Dhabi banks

UAE capital's three top banks poised to triple business as GCC powers ahead, study says.

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Subprime crisis to hit Gulf banks' earnings

Regional banks who thought investments were safe discovering underlying assets subprime, bankers say.

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Chip and pin

Value-added applications and increased security are helping to provide a business case for issuers and merchants to drive the regional switch to EMV chip payment cards.

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ADCB sells $546mn in bonds

Part of a borrowing programme, Middle East investors buy 60% of the bonds, Standard Chartered says.

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Big bank theory

Michael H. Tomalin, chief executive of National Bank of Abu Dhabi, tells Daniel Stanton about his expansion strategy, and how to be number one.

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Banking and finance

Region's banking leaders on how financial markets will develop in the future and the direction the industry needs to take.

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ADCB stems profit slide

Abu Dhabi Commercial posts first profit growth in three quarters as impact of stock market crash fades.

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ETA Star signs loan agreement with ADCB

Property developer ETA Star has signed a loan agreement with Abu Dhabi Commercial Bank (ADCB) for the construction of its Taj Exotica Resort & Spa.

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UAE property to ride out global credit squeeze

Population growth, shortages of supply to support UAE's real estate demand.

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ADCB buys $51mn stake in Dubai investment bank

Abu Dhabi Commercial acquires 41% of Gulf Merchant Group, gains assets outside UAE.

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Invitation only

Windows Server 2008 - Microsoft's latest effort on its path to world server domination - is scheduled for release by the end of 2007. But before this the vendor needs to push the system to its limits - hence its invitations to three regional enterprises to run advance pilot projects.

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Three take Barari stake

Al Barari has finalised a deal that will see Abu Dhabi Commercial Bank (ADCB), Burooj Properties and Oman Emirates Investment Holding Co SAOG (O&E) each taking a minority stake in its flagship project, the US $1.8 billion (AED6.6 billion) Al Barari residential development at Nad Al Sheba in Dubai.

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Fighting against the merger mania

Each week Arabian Business turns the spotlight on a leading company.

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ADCB plans Islamic unit

Abu Dhabi Commercial Bank says an Islamic banking subsidiary will be operational by end of year.

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What’s the catch?

Craig Holding gives his verdict on Abu Dhabi Commercial Bank's new loan for expatriates.

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ADCB rules out immediate NBAD merger

Abu Dhabi Commercial Bank says it sees no merger with National Bank of Abu Dhabi for at least two years.

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ADCB set for recovery after weak Q2

Abu Dhabi Commercial Bank is poised to end five straight quarters of weak profits, analysts say.

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ADCB has no merger plans

Abu Dhabi Commercial Bank says it has no immediate plans to merge with a UAE rival.

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ADCB pioneers Microsoft Windows Server 2008

Abu Dhabi Commercial Bank (ADCB) is to be the first financial institution in the region to adopt Microsoft Windows Server 2008, Microsoft announced yesterday.

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Banking in the GCC

Will the banking industry be the next sector to feel the wind of change sweeping through the Gulf?

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ADCB buy makes sense for NBAD

NBAD CEO says no merger under consideration, but banking consolidation makes sense.

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ADCB and Fidelity educate investors

Abu Dhabi Commercial Bank (ADCB) has partnered with Fidelity International, the investment management and services house, to launch a high level investor education programme for its customers.

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Emaar to enveil new tower

The first of two Boulevard Plaza towers in the Burj Dubai district is set to launch this Sunday.

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All the world's a stage

Top musical comes to Abu Dhabi.

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ADCB and Fidelity educate investors

Customers of Abu Dhabi Commercial Bank will be able to enrol in investor education programme.

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IPO income slump damages ADBC profits

Declining stock markets in the UAE has dragged down income for the Abu Dhabi banking giant.

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Indians get new UAE bank service

ADCB has linked up with UTI Bank to bring easy banking to non-resident Indians.

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Borrowed time

Why the West's debt nightmare could be heading here.

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Etihad rules out cancelling A380

The Abu Dhabi airline - which expects revenue to rise to $1.25bn this year - is still looking to expand its fleet.

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ADCB first to outsource ATMs

NCR will remotely monitor and support ATM network.

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Branching out

Retail banks are having to manage their branches better as they run out of space on the high street.

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ADCB ATM management outsourced to US firm

Abu Dhabi Commercial Bank (ADCB) has outsourced the incidence management of its ATMs to US firm NCR.

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ADCB fights money laundering with Ace Scan Solutions

Abu Dhabi Commercial Bank (ADCB) is to use software from Ace Software Solutions, a provider of fully integrated Straight Through Processing (STP) enabled payments and transaction processing solutions for the banking sector, to improve its compliance with anti-money laundering (AML) regulations.

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Real estate investment trust for DIFC

Dubai International Financial Centre (DIFC), Abu Dhabi Commercial Bank (ADCB) and the real estate division of Macquarie Bank of Australia have announced the signing of a memorandum of understanding to develop a real estate funds management joint venture.

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The joy of Six

Since its birth 20 years ago, Six Sigma has become one of the most widely used quality management tools in the world but remains a relatively new phenomenon in the Middle East. With many regional chief executives finally starting to apply the methodology, CEO Middle East trades blows with the master black belts to find out what they could do for your business

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Eirvin Knox: Opportunity Knox

Banks across the region are making vast amounts of profit from the huge growth in real estate, newly liberalised property laws and an unprecedented demand for retail space and consumer spending. Eirvin Knox, CEO of Abu Dhabi Commercial Bank, tells James Bennett how he has taken the finance house to close to the top spot in only two years.

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READER COMMENTS

  1. UAE gov't mulls plan to help redundancy victims 8
    08 Jan ' 09 at 15:49
    Yes yes... its all very laudable, commendable, etc etc.But think about it?Who is gonna fill up all those luxury apartments coming up at...  More »
  2. Shopping fest to offer bigger bargains amid global gloom 6
    08 Jan ' 09 at 17:01
    Don't blame the high costs on the retailers, it's the shopping mall owners causing the problems - they like all the other landlords...  More »
  3. Recession in UAE cannot be ruled out - analysts 5
    08 Jan ' 09 at 13:01
    The so called "progress" done by the entire world for the last 5 years, now unwinding itself due to economic downturn. We are all...  More »
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