HQ-ADCB Press Releases

ADCB is the highest ranked bank in the UAE and the second across all sectors in KPMG’s UAE Customer Experience Excellence Report

Abu Dhabi: Abu Dhabi Commercial Bank (ADCB) ranked as the top financial institution for customer experience excellence and the second across all sectors in the latest annual survey conducted by KPMG Lower Gulf. According to the KPMG’s annual Customer Experience Excellence (CEE) report: ADCB’s rise in the KPMG Customer Excellence rankings is a testament to […]

HQ-ADCB Press Releases

ADCB reports record 2023 net profit of AED 8.206 bn, up 28%, and Q4’23 net profit of AED 2.454 bn, up 38% YoY

Recommended dividend of AED 0.56 per share, representing a total payout of AED 4.099 billion and equivalent to 50% of net profit Abu Dhabi: –Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the full-year 2023 (FY’23) and the fourth quarter of 2023 (Q4’23). Strong growth in diverse income streams amid positive […]

HQ-ADCB Press Releases

ADCB broadens its regional presence through strategic expansion into the Kingdom of Saudi Arabia

Abu Dhabi: Abu Dhabi Commercial Bank (‘ADCB’) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. ADCB has received an in-principle approval from the Kingdom’s Council of Ministers and will open […]

ADCB_NEW LOGO Press Releases

ADCB announces the sale of 80% stake in Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding

Abu Dhabi: Abu Dhabi Commercial Bank (“ADCB”) has signed an agreement to divest   80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (“ADCP”) to Nine Yards Plus Holding (“Nine Yards Plus”), a real estate subsidiary of EIH Ethmar International Holding PJSC (“EIH”). The transaction values Abu Dhabi Commercial Properties at AED […]

MC ADCB Signing Ceremony Press Releases

ADCB introduces the region’s first Mastercard Carbon Calculator to support sustainability ambitions of business clients

Abu Dhabi: Abu Dhabi Commercial Bank (ADCB) introduced the region’s first Mastercard Carbon Calculator, an innovative tool that supports the sustainability ambitions of businesses by providing data on the estimated carbon footprint of their corporate expenditure using the ADCB corporate cards. ADCB, which has joined the UN-convened Net-Zero Banking Alliance (NZBA) in support of the goals […]

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ADCB joins the UN-convened Net Zero Banking Alliance (NZBA) and more than triples its 2030 sustainable finance target to AED 125 bn (USD 34 bn)

The United Nations-convened NZBA brings together more than 130 global banks with USD 74 trillion in total assets that have committed to financing ambitious climate action to transition the real economy in line with the goals of the Paris Agreement Under NZBA, ADCB will align its lending and investment portfolios with the aim of net […]

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ADCB reports nine-month net profit of AED 5.752 bn, up 24%, and Q3’23 net profit of AED 1.942 bn, up 22%

Abu Dhabi: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the third quarter of 2023 (“Q3’23”).  Record quarterly net profit driven by solid momentum in loan growth and increased net interest margin. The UAE economy remains resilient with strong long-term fundamentals and ADCB is well-positioned to benefit from robust […]