The bank in terms of Authorised as well as Paid up Capital is the largest in the country and in terms of Shareholders′ Funds, it is among the top three. However, in terms of net profit, it was number one for the last four years running i.e in 1998, 1999, 2000 and 2001. Total Shareholders′ Funds as of 31.12.2001 stood at AED 4114 Mio (US$ 1120 Mio).
History
Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, upon merger of Emirates Commercial Bank and Federal Commercial Bank with Khaleej Commercial Bank, which was established in 1975.
Mode of Finance
ADCB′s share capital is AED 1250 Mio (US$ 340 Mio). The Government of Abu Dhabi through Abu Dhabi Investment Authority (ADIA) holds 65% of the paid up capital, while the balance 35% is held by UAE Institutions and Nationals.
(last updated: 05-June-2009)
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UAE \ Commercial Banks \ Abu Dhabi Commercial Bank
