Abu Dhabi Commercial Bank PJSC (ADCB)

Abu Dhabi – Mubasher: The value of Abu Dhabi Commercial Bank’s (ADCB) brand grew 8.70% year-on-year (YoY) to AED 10.50 billion in 2023. The bank ranked 109th in the 2024 Banking 500 report from Brand Finance, moving up four places from last year, …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) posted net profits worth AED 8.20 billion in 2023, up 28% year-on-year (YoY) from AED 6.43 billion. The operating income reached AED 16.86 billion last year, higher by 18% than AED 14.34 …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received an in-principle approval from the Saudi Council of Ministers to inaugurate a branch in Riyadh, according to a press release. Subject to final regulatory approvals, the new launch …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has joined the Net Zero Banking Alliance (NZBA) to back the UAE’s net zero by 2050 initiative, according to a press release. ADCB has more than tripled its sustainable finance commitment to …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has successfully priced an Additional Tier 1 (AT1) bond with an amount of $750 million. The issuance will boost the lender's capital base to support further growth in line with its new credit …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) recorded a 24% surge in net profit to AED 5.75 billion during the first nine months (9M) of 2023, compared to AED 4.64 billion in the year-ago period. Operating income widened by 23% …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has priced $650 million green bonds to support UAE’s transition to a net zero economy, according to a press release. ADCB will use the proceeds to finance eligible green assets in accordance …

UAE – Mubasher: Six UAE lenders contributed to green financing with a total of AED 190 billion ($51.80 billion) by the end of 2022, the UAE Banks Federation (UBF) announced. The lenders are First Abu Dhabi Bank (FAB), Abu Dhabi Commercial …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) generated net profits attributable to the shareholders worth AED 1.87 billion in the first quarter (Q1) of 2023, an annual leap of 27% from AED 1.48 billion. The operating income enlarged by …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) obtained the approval of the general assembly meeting to pay dividends amounting to AED 3.82 billion, equivalent to 55 fils per share, for 2022. The shareholders greenlighted cash dividends …

Abu Dhabi – Mubasher: The net profits attributable to the owners of Abu Dhabi Commercial Bank (ADCB) grew by 23% year-on-year (YoY) to AED 6.43 billion in 2022 from AED 5.24 billion. The operating income amounted to AED 14.34 billion last year, up …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) and Emirates Development Bank (EDB) inked a memorandum of understanding (MoU) to boost the financial inclusion of small-to-medium-sized enterprises (SMEs) through a joint credit guarantee …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Egyptian Exchange (EGX) as well, posted an annual hike of 22% in net profit attributable to the owners to AED 4.65 billion in the first nine months (9M) of 2022, compared to AED …

Cairo – Mubasher: Abu Dhabi Commercial Bank (ADCB) has sold its 51.55% stake in Alexandria Medical Services - Alexandria New Medical Center for EGP 393.32 million. The UAE bank sold 802.69 million shares at an average price of EGP 49 per share, …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Egyptian Exchange (EGX) as well, has generated AED 3.05 billion in net profit attributable to the owners during the first half (H1) of 2022, a jump from AED 2.52 billion in …

Abu Dhabi - Mubasher: The net profits attributable to the equity holders of Abu Dhabi Commercial Bank (ADCB) increased by 32% to AED 1.48 billion in the first quarter (Q1) of 2022 from AED 1.12 billion in the same quarter of 2021, according to the …

Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB) has received 37.5% of transferable exit instruments in a $2.25 billion facility issued by a new NMC holding company. This step came after the company had completed a debt restructuring process …

Abu Dhabi - Mubasher: The ordinary general meeting (OGM) of Abu Dhabi Commercial Bank (ADCB) has approved a cash dividend distribution, equivalent to 37% of the capital, for 2021. The cash dividend payout aggregates at a total value of AED 2.57 …

Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) have denied the news claiming a potential merger between the two entities. FAB and ADCB confirmed that they have not entered discussions to pursue any merger …

Abu Dhabi - Mubasher: The net profits attributable to the equity holders of Abu Dhabi Commercial Bank (ADCB) hiked by around 38% to AED 5.24 billion in 2021, compared to AED 3.81 billion in 2020, according to the bank's consolidated financials for …

Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB) has completed the sale of its 20% stake in Egypt-based Orient Takaful to Orient Insurance Company. To have a negligible impact on profitability, the transaction is in line with the bank’s …

Abu Dhabi - Mubasher: Fitch Ratings has affirmed Abu Dhabi Commercial Bank's (ADCB) long-term issuer default rating (IDR) at 'A+' with a stable outlook. The global rating agency has affirmed the bank's viability rating (VR) at 'bb+', according to …

Abu Dhabi - Mubasher: The net profits attributable to the equity holders of Abu Dhabi Commercial Bank (ADCB) increased by 36% to AED 3.798 billion during the first nine months of 2021 from AED 2.797 billion in the year-ago period, according to the …

Abu Dhabi - Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed the long-term and short-term foreign currency ratings of Abu Dhabi Commercial Bank (ADCB) at 'A+' and 'A1', respectively, with a stable outlook. CI Ratings has also …

UAE - Mubasher: The creditors of NMC Group have approved the restructuring process of the company's debt and issuance of exit instruments to the creditors. Abu Dhabi Commercial Bank (ADCB), one of NMC's largest creditors, has welcomed the approval …