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HQ-ADCB Press Releases

ADCB announces strategic expansion in high-growth Central Asian economies, establishing a sophisticated corporate banking hub in Kazakhstan

Abu Dhabi: Abu Dhabi Commercial Bank PJSC (“ADCB” or “the Group”) is expanding its strategic presence in Central Asia – a US$1.751 trillion economy – by establishing a hub in Kazakhstan for its sophisticated Shari’ah compliant corporate banking services. By deploying its expertise and extensive network, ADCB will support the growth ambitions of companies participating in […]

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HQ-ADCB Press Releases

ADCB reports net profit before tax of AED 5.023 bn in H1’24, up 28% and AED 2.593 bn in Q2’24, up 30% YoY

The Bank reports net profit after tax of AED 4.456 bn in H1’24 and AED 2.317 bn in Q2’24 Abu Dhabi, UAE: Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the second quarter of 2024 (Q2’24). Strong performance in H1’24 driven by double-digit YoY growth in net interest income and non-interest income in […]

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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 […]

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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 […]

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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 […]

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Logo Press Releases

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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head office Press Releases

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 […]

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ADCB_HO Press Releases

ADCB prices USD 650 million green bond to support UAE’s transition to a net zero economy

Abu Dhabi: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) has announced that it has successfully priced a USD 650 million green bond, the proceeds of which will be used to finance eligible green assets as outlined in ADCB’s Green Bond Framework. The green bond is in line with ADCB’s climate strategy and reflects the […]

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Head Office Press Releases

ADCB recognised by the UAE government as a leader in sustainability and social impact

Abu Dhabi, UAE: Abu Dhabi Commercial Bank (ADCB) has been recognised by the UAE government for the Bank’s strong track record in sustainability and social impact, receiving the Impact Seal “Platinum Tier” from Majra, the National CSR Fund. The Impact Seal is the official federal recognition that certifies, measures and rewards organisations in the UAE […]

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ADCB_Head Office Press Releases

ADCB reports record net profit of AED 1.878 bn in Q1’23, up 27% YoY

Abu Dhabi, UAE: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2023 (“Q1’23”). Solid performance driven by core incomegeneration and strong fundamentals Q1’23 Key highlights (vs. Q1’22)> Net profit of AED 1.878 bn increased 27%> Net interest income of AED 2.851 bn increased 33%> […]

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