ADCB Full Form: Know All About ADCB Here!

By Jyoti Bisht|Updated : December 28th, 2021

ADCB full form is Abu Dhabi Commercial Bank PJSC. In 1985, Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank merged to establish ADCB. Knowing the full form of ABCD and other banks will be advantageous to those undertaking banking examinations.

Based in Abu Dhabi, the UAE capital, the bank specializes in retail banking, commercial banking, Islamic banking, among other financial services.

Table of Content

Its mission is to create long-term customer relationships by providing cutting-edge products and outstanding service. Their goal is to be the most preferred bank in the UAE. Customers, competitors, and the community at large regard ADCB as a constantly innovating, financially successful organization with the most outstanding level of ethics.

Organizational Structure of ADCB

The bank's main decision-making body is the board of directors. It is responsible for directing, overseeing, and controlling the bank and is accountable to the shareholders for producing and developing long-term shareholder value through its business direction and oversight. It establishes the bank's objectives, strategies, and policies. The board monitors the bank's performance and oversees the bank's management.

The board has established a rolling agenda to ensure that each task is met regularly, while other agenda items are considered on an "as needed" basis.

Name

Designation

H. E. Khaldoon Khalifa Al Mubarak

Chairman (Independent, Non-Executive Director)

H. E. Hussain J. AlNowais

Vice-Chairman (Independent, Non-Executive Director)

Khaled H. Alkhoori

Independent, Non-Executive Director

Khalid Deemas Alsuwaidi

Independent, Non-Executive Director

Aysha Al Hallami

Independent, Non-Executive Director

Carlos Obeid

Independent, Non-Executive Director

Saeed Mohamed Hamad Almazrouei

Independent, Non-Executive Director

Ahmed Saeed Al Calily

Independent, Non-Executive Director

Mohamed Ali Aldhaheri

Independent, Non-Executive Director

Sheikh Zayed Bin Suroor Al Nahyan

Independent, Non-Executive Director

Segments of ADCB

The three segments in which the bank operates are wholesale banking, property management, and investment and treasury.

  • Wholesale Banking: Business banking, cash management, trade finance, corporate finance, small and medium firm financing, investment banking, Islamic financing, infrastructure, asset finance, and government and public companies are all part of the wholesale banking market.
  • Property Management: The property management segment includes the group's real estate management, engineering service businesses, and rental income from its buildings.
  • Investment and Treasury: Central treasury operations, management of the group's investment portfolio and interest rate, currency, commodities derivatives portfolio, and Islamic financing are part of investment and treasury.

Key points about ADCB

  1. The Abu Dhabi Investment Council (ADIC) owns around 60.2% per cent of ADCB while individuals and businesses own the rest.
  2. ADCB is the UAE's third-largest bank in terms of balance sheet size, and it provides a wide range of business and retail banking services to its customers.
  3. As of September 30, 2018, ADCB has over 5,000 employees representing retail and corporate customers.
  4. ADCB has 56 branches in the United Arab Emirates.
  5. ADCB operates out of regional offices in Singapore and London.
  6. In January 2019, ADCB, Union National Bank (UNB), and Al Hilal Bank accounted for a three-bank merger.
  7. Although Al Hilal Bank operates as an independent Islamic bank under the new brand name, the combined bank operates as ADCB.
  8. With over 1 million customers, ADCB is the region's fifth-largest bank.
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FAQs

  • Ala'a Mohamed Atta Khalil Eraiqat (February 2009–) is Abu Dhabi Commercial Bank's Group Chief Executive Officer and Executive Director. He is a successful businessman who has led eight different companies.

  • The Bank is a public joint-stock business located in the United Arab Emirates that provides investment, merchant, retail, commercial, brokerage, and fund management services through its network of 48 locations throughout the UAE and one in the United Kingdom.

  • ADCBAEAAXXX is the SWIFT/BIC code for Abu Dhabi Commercial Bank.

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