Commercial banks can be used either by individuals or businesses, depending on the needs of the consumer. Finding the right bank is important because it helps to ensure the health of your finances again, whether this is on a personal or a company level. If you are thinking of looking for a bank, there are a few options within the United Arab Emirates to explore. So here are some places to go when looking for commercial bank services.
First Abu Dhabi Bank
First, Abu Dhabi Bank – or FAB as it is often abbreviated to – is a great choice for those looking for banking services because it is actually one of the largest by total assets. They provide a range of services, and they aren’t limited to residents of the UAE either; they also have customers in Europe, the Middle East and America too.
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank – or ABCB as it is also known – offers consumers a wide range of banking services, including commercial, retail and Islamic banking. There are over seventy branches and hundreds of ATMs all over the UAE. ABCB offers credit cards, corporate accounts, loans, cash management and trade finance services, too, making it ideal for those looking for a commercial bank.
Emirates NBD
The Emirates NBD bank is another one of the biggest banking groups in the UAE. It has its headquarters in Dubai and has almost a thousand branches and thousands of ATMs and SDMs, not just in the UAE either but overseas too. Emirates NBD deals mainly in business banking, offering services including retail, wholesale, Islamic and International banking as well as wealth management services too.
Dubai Islamic Bank
Dubai Islamic Bank was founded in 1975 and, as the name suggests, has its headquarters in Dubai. The bank has several different segments, including real estate development, treasury, consumer and corporate banking, among others. There are over sixty branches and around two million customers. Arguably it is on the smaller side, but it does mean that Dubai Islamic Bank is any less capable.
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank was Established in the late nineties and is also headquartered in Abu Dhabi. It is mainly focused on global banking services, including wholesale, private, retail, real estate and treasury services. It serves consumers across the UAE, Sudan, Iraq and Qatar.
First Gulf
First gulf Bank was established in the late seventies. It has consumers across nineteen countries, including the UK, USA, China, Brazil and Egypt. It is a large banking group, and they offer global banking services like real estate, consumer banking and treasury.
Mashreq Bank
Finally, Mashreq bank was founded in the late sixties, which does, in fact, make it one of the oldest banks in the entire UAE. They offer retail, commercial, Islamic, brokerage, Investment banking and asset management services. There are both domestic and international branches too.
In Conclusion
There are a number of choices to choose from when looking for a commercial bank in the UAE. Obviously, you will need to think about the services that you require and whether or not any of the banks listed above provide those services. It is also worth doing some research into the banks themselves and the rates and incentives that you can expect.