The National Bank of Umm Al Qaiwain was established in 1982 by the ruler of UAQ emirate. The local government owns majority share while the remainder is held by UAE nationals and institutions.
In 2005 the bank doubled its capital to AED 500 million. In 2006 the capital has been increased to AED 600 million with an issue of 20% bonus share. The shareholder equity currently stands at AED 1.36 billion.