The upgrade is driven by the ADCB’s strong financial position and high asset quality
ADCB
Latest in ADCB
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank outlines plan to double profit to $5.4bn in 5 years
Abu Dhabi Commercial Bank unveils major expansion and dividend growth plans for next five years
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank reports 30% rise in net profit
On a half yearly basis, the rise in net profit before tax is at 28 percent
Abu Dhabi Commercial Bank
ADCB set to expand in Saudi Arabia with its first branch in Riyadh
Bank says the strategic move will support a growing client base and contribute to the deepening of regional economic relationships
Abu Dhabi Commercial Bank
Abu Dhabi-based ADCB to sell 80 percent majority stake in subsidiary to Nine Yards Plus Holding
ADCB plans to retain a 20 percent stake in ADCP and expects to generate AED400 million ($108.9 million) from the sale
ADCB
talabat, ADCB announces new credit card, offer food discounts, unlimited free delivery
Eligible applicants of the talabat ADCB Credit Card must be adult residents of the UAE, with a minimum monthly income of AED5,000
Abu Dhabi Banks
ADCB profits increase 23% to $526m
ADCB sees profits climb again in second quarter of 2023
Abu Dhabi Commercial Bank
ADCB Private and Wealth Management
An evolving and innovative private banking proposition in the UAE
Abu Dhabi
Abu Dhabi Commercial Bank profits leap 27%
Abu Dhabi Commercial Bank net profits reached $511.4m in Q1
ADCB
ADCB, Al Hilal Bank brings UK digital banking to UAE nationals
Nomo is part of BLME, a subsidiary of Boubyan Bank, and was set up to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East
Abu Dhabi
Digital innovations help drive ADCB to record $1.75bn net profit
It’s an increase of 23 percent compared to FY 2021; The bank also recommended a dividend of AED0.55 per share, up from AED0.37 last year
Abu Dhabi Commercial Bank
ADCB, Emirates Development Bank partner on credit guarantee scheme
A MoU was signed to boost financial inclusion of small-to-medium sized enterprises
Abu Dhabi
ADCB reports 25% jump in net profit to AED1.59 billion in Q3, 2022
The bank also delivered a record net profit of AED4.65 billion in the first nine months of this year, an increase of 22 percent over the same year-ago period
Abu Dhabi Commercial Bank
ADCB prices’ green bond to raise $500 million to support ESG-based projects
The bond, follows a global roadshow and reflects confidence in ADCB and its approach to managing ESG risks and opportunities
Abu Dhabi Commercial Bank
ADCB in plans to sell $1 billion of bad debt to clean up corporate defaults
The emirate’s second-largest lender, has been “tied up” in restructuring talks and has been forced to write down the value of many of the loans, according to Bloomberg
Abu Dhabi
Abu Dhabi’s ADCB records 32 percent increase in net profit to $403.74 million despite global uncertainty
ADCB has consistently been proactive in supporting the rescue and turnaround of the NMC Group, which led to the bank receiving 37.5 percent of a new $2.25 billion facility issued by NMC HoldCo SPV Ltd
Abu Dhabi
ADCB “categorically denies” reports of merger with First Abu Dhabi Bank
The banks are two of the biggest in Abu Dhabi, and any deal would have potentially created one of the largest Middle East lenders by assets.