Finance
List of Commercial banks in United Arab Emirates
The United Arab Emirates (UAE) features a sophisticated and diverse banking sector, which is a cornerstone of the nation’s swiftly expanding economy. As a global financial hub, the UAE draws numerous international banks and financial institutions, offering a broad spectrum of services including retail and corporate banking, Islamic finance, and wealth management. This robust sector is crucial in advancing the UAE’s goals of economic diversification and sustained growth.
Overview of the UAE Banking Sector
The UAE banking sector is a dynamic blend of domestic and international banks, featuring both conventional and Islamic institutions. It is overseen by the Central Bank of the UAE, which plays a critical role in maintaining financial stability, implementing banking regulations, and fostering a secure financial environment. The sector has rapidly adapted to technological advancements, offering a wide range of modern digital banking services to cater to the evolving needs of individuals and businesses. Islamic banking has experienced substantial growth, with Sharia-compliant products becoming increasingly popular throughout the country. The sector’s resilience is bolstered by strong capital reserves, strategic government support, and a robust regulatory framework. Despite facing challenges such as global economic fluctuations, regulatory changes, and competitive pressures, the UAE banking sector continues to expand and innovate, contributing significantly to the country’s economic diversification and development goals. Additionally, the sector plays a key role in supporting infrastructure projects, facilitating international trade, and driving investment in various sectors of the economy.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (AED) | Bank Revenue (USD) | Contact Details |
| First Abu Dhabi Bank (FAB) | Abu Dhabi | Private | 32.5 billion | 8.84 billion | Tel: +971 2 610 0000 |
| Emirates NBD | Dubai | Private | 27.4 billion | 7.46 billion | Tel: +971 4 316 0000 |
| Abu Dhabi Commercial Bank (ADCB) | Abu Dhabi | Private | 15.1 billion | 4.11 billion | Tel: +971 2 621 0000 |
| Dubai Islamic Bank (DIB) | Dubai | Private | 10.3 billion | 2.8 billion | Tel: +971 4 609 2222 |
| Mashreq Bank | Dubai | Private | 9.5 billion | 2.58 billion | Tel: +971 4 424 4444 |
| National Bank of Abu Dhabi (NBAD) | Abu Dhabi | Private | 7.9 billion | 2.15billion | Tel: +971 2 610 6100 |
| Sharjah Islamic Bank | Sharjah | Private | 5.8 billion | 1.57 billion | Tel: +971 6 563 8000 |
| Commercial Bank International (CBI) | Dubai | Private | 4.5 billion | 1.22 billion | Tel: +971 4 228 9000 |
| Al Hilal Bank | Abu Dhabi | Private | 2.9 billion | 0.78 billion | Tel: +971 2 692 5000 |
| Union National Bank | Abu Dhabi | Private | 2.2 billion | 0.59 billion | Tel: +971 2 633 0000 |
The UAE’s banking sector is a dynamic force driving economic growth. By blending innovation with robust regulation, the UAE has solidified its position as a global financial hub. With a strong focus on digital transformation and Islamic finance, the sector is well-positioned for continued success and expanded global influence.
