Abu Dhabi Commercial Bank

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Recent Articles

• UAE loan growth may slow to 10% - ADCB9 November 2008

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

• NBAD would welcome merger - CEO29 October 2008

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

• ADCB exposed to funding pressures - Merrill15 October 2008

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

• Gulf banks face merger pressure 29 September 2008

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

• Abu Dhabi bank shares soar for second day29 September 2008

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

• UAE banks downplay merger talks28 September 2008

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

• Lehman exposure limited - UAE banks16 September 2008

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

• ADCB replaces chairman in shake-up14 September 2008

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

• ADCB launches legal action over collapsed US investment26 August 2008

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

• ADCB profit up 34% in Q2 17 July 2008

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

• ADCB to issue $1.2bn of bonds in Asia25 June 2008

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

• Interpol no longer chasing ADCB chief5 June 2008

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

• ADCB approves Gulf Capital financing1 June 2008

  UAE lender agrees AED800m medium term revolving facility.

• ADCB bank CEO takes action on Interpol warrant29 May 2008

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

• Revealed: Interpol arrest warrant for ADCB CEO 22 May 2008

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

• Interpol issues warrant for CEO of ADCB 22 May 2008

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

• ADCB buys RHB stake, see profits doubling8 May 2008

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

• ADCB to double earnings, plans acquisition frenzy22 April 2008

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

• ADCB plans Islamic unit after year delay15 April 2008

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

• Abu Dhabi bourse plans Asia roadshow8 April 2008

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

• ADCB urges UAE to ditch dollar peg3 March 2008

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

• Abu Dhabi to get 200 new buildings by '09 - ADCB3 March 2008

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

• ADCB slashes lending rates20 February 2008

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

• Gulf banks conceal subprime losses12 February 2008

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

• ADCB eyes $1.2bn stake in Malaysian bank5 February 2008

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