Abu Dhabi Commercial Bank

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Recent Articles

• Al Mal keeps short-term underperform on UAE's ADCB27 October 2009

  Broker expects non-performing loans at Abu Dhabi Commercial Bank to continue to rise.

• ADCB announces big slump in Q3 profit27 October 2009

  UPDATE 1: UAE's third largest bank by assets posts 90% fall in Q3 profit from hefty provisions against bad loans.

• ADCB has $609m exposure to Saad, Algosaibi23 September 2009

  Abu Dhabi Commercial Bank says it will have to book additional provisions - prospectus.

• UAE's ADCB files $30m claim against Saudi's Saad unit4 September 2009

  Claim is the first against the troubled group by ADCB and more claims are likely to follow.

• Bank warns action over mortgage lending claims27 August 2009

  Abu Dhabi Commercial Bank says reputation damaged by research company report.

• UAE cbank rejigs interbank rate panel to spur lending26 August 2009

  Central bank hopes change in panel will lower rates and spur lending.

• ADCB selects Sage's Prospero for wealth management26 July 2009

  Abu Dhabi Commercial Bank rolls out Sage’s Prospero wealth management system to support its portfolio and wealth management services

• Costs of Saudi defaults mount at UAE banks24 July 2009

  Banks make provisions after the UAE central bank met with bankers on July 16.

• UAE's ADCB Q2 profit down 51%24 July 2009

  Abu Dhabi Commercial Bank books provisions against losses from the financial crisis.

• Saad picks adviser on $6bn debt talks24 June 2009

  Troubled Saudi group puts forward Credit Suisse as an adviser to its bank lenders, say sources.

• Abu Dhabi Commercial Bank launches loans range3 May 2009

  New products pitched at SME customers looking to meet working capital requirements.

• Abu Dhabi Commercial Bank sees profit fall 23%23 April 2009

  Results show $96.38m net profits for first quarter 2009, beating two analysts forecasts.

• Dolphin seeking to refinance $3.45bn loan - sources9 March 2009

  Abu Dhabi-based Dolphin Energy looking to replace 4-year debt maturing this year.

• Lending restrictions expected to be eased in Abu Dhabi7 February 2009

  Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.

• UAE ends mixed; Kuwait ends low on profit taking5 February 2009

  UPDATE 5: Banks lead Oman and Abu Dhabi's benchmark indices to higher close.

• Abu Dhabi's ADCB posts $38.12m Q4 loss4 February 2009

  Abu Dhabi Commercial Bank misses analysts' forecast that ranged from $110.82-129.43m.

• AMIF reveals $188m UAE infrastructure investment2 February 2009

  ADCB Macquarie Infrastructure Fund supports Abu Dhabi gov't projects.

• Abu Dhabi Commercial Bank delays Q4 results 27 January 2009

  Emirate’s lender follows central bank’s advice; will declare Q4 results on Feb. 5.

• ADCB will still lend for infrastructure projects25 January 2009

  One of the UAE's largest banks will continue to lend for government backed schemes.  

• Bank ratings cut on loan concerns21 January 2009

  Analyst voices worries over loan books at Abu Dhabi Commercial Bank, First Gulf Bank in research note.

• Moody's downgrades outlooks for UAE banks16 December 2008

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

• 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.