Abu Dhabi Commercial Bank PJSC (ADCB) News - Mubasher Info
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29 September 08:12 PM

Abu Dhabi Commercial Bank PJSC (ADCB)

Last update: 02:59 PM market time.
14.34
0.00
0.00%
Open 14.30
Previous Close 14.30
High 14.42
Low 14.26
Stock Statistics
Volume 4,048,381
Turnover 58,033,120.84
All data are 15 minutes late during market session

News

The lender's net interest and income from Islamic financing rose by 6%
7 May 2020 03:08 PM ADCB's net profits slide 82% in Q1-20
Abu Dhabi  – Mubasher: The net profits attributable to the equity holders of Abu Dhabi Commercial Bank (ADCB) slid by 82% to AED 207.370 million during the first quarter of 2020, compared to AED 1.152 billion during the same period of 2019. The …
Financial Results
This move is in line with the bank's objective to protect its interests
15 April 2020 05:11 PM ADCB initiates criminal proceeding against individuals linked to NMC
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has filed a criminal complaint against a number of individuals in relation to NMC Healthcare. This move is in line with the bank's objective to protect its interests, according to the bank's …
Banking and Finance
NMC Health is listed on the London Stock Exchange
2 April 2020 11:04 AM ADCB's loans to NMC Health total $981m
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) confirmed that the liabilities of NMC Health Group to the bank have amounted to $981 million as at 31 March 2020, representing less than 1% of the bank's total assets. These liabilities …
Banking and Finance
ADCB board has elected Khaldoon Khalifa Al Mubarak as its chairman
19 March 2020 11:27 AM ADCB elects new chairman, vice chairman
Abu Dhabi – Mubasher: The board Abu Dhabi Commercial Bank (ADCB) has elected Khaldoon Khalifa Al Mubarak as chairman of the board and Hussain Jassim Al Nowais as vice chairman. Al Mubarak has replaced Eissa Mohamed Al Suwaidi, according to the …
Board of Directors
ADCB to pay AED 0.38 per share
19 March 2020 10:46 AM ADCB’s OGM approves paying out 38% dividends
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Commercial Bank (ADCB) gave a nod to 38% cash dividends for last year. The dividends stand at AED 0.38 per share at a total amount of AED 2.643 billion, according to the bank’s disclosure to the …
Cash Dividends
Profitability of the UAE’s four largest banks will be resilient
27 February 2020 00:42 PM UAE largest banks’ profitability to remain resilient in 2020 - Moody's
UAE – Mubasher: The profitability of the UAE’s four largest banks will likely remain resilient in 2020, benefitting from the strong public-sector loan growth, according to a recent report by Moody's Investors Service (Moody's) First Abu Dhabi Bank …
Banking and Finance
ADCB reported net profits of AED 4.79 billion
4 February 2020 05:28 PM Abu Dhabi banking giant ADCB exits Jersey
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) decided to exit its operations in Jersey in a bid to focus on its operations in the UAE. The Jersey Financial Services Commission has been informed of the decision, and customers and other …
Banking and Finance
he proposed dividends represent 38% of the paid-up capital
27 January 2020 05:48 PM ADCB proposes AED 2.64bn cash dividend in 2019
Abu Dhabi – Mubasher: The board of Abu Dhabi Commercial Bank (ADCB) has recommended paying a cash dividend of AED 2.64 billion or AED 0.38 dividend per share for fiscal year 2019. The proposed dividends represent 38% of the paid-up capital, …
Banking and Finance
ADCB's earnings per share (EPS) recorded AED 0.70 in 2019
27 January 2020 00:22 PM ADCB’s net profits down 14% in 2019
Abu Dhabi – Mubasher: The net profits of Abu Dhabi Commercial Bank (ADCB) decreased by 16% to AED 1.05 billion during the fourth quarter of 2019 from AED 1.24 billion in the same period of 2018, according to the bank’s full-year financial results …
Banking and Finance
The stock levelled up by 2.64% to AED 7.77
28 October 2019 11:19 AM ADCB’s stock hits highest level on robust financial results
By: Enas Bahgat Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank’s (ADCB) stock, listed on the Abu Dhabi Securities Exchange (ADX), has hit its highest level since last August. By 11:56 am UAE time, the stock levelled up by 2.64% to AED 7.77 after …
Trading Activities
The profits amounted to AED 1.413 billion in Q3
27 October 2019 04:23 PM ADCB logs 13% lower profit in Q3
Mubasher: Abu Dhabi Commercial Bank (ADCB) registered a decrease of 13% year-on-year in net profits during the third quarter of 2019. The profits amounted to AED 1.413 billion during Q3-19 when compared to AED 1.624 billion in the corresponding …
Company News
The suspension coincides with a board meeting
22 October 2019 00:44 PM ADX to temporarily suspend trading on ADCB’s stock
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has decided to temporarily suspend trading in the shares of Abu Dhabi Commercial Bank (ADCB) from 09:30 am UAE time on 27 October 2019. The suspension coincides with a board meeting …
Trading Activities
ADCB acted as the transaction’s initial mandated lead arranger, bookrunner, and underwriter
30 September 2019 03:01 PM UAE's DAE inks $300m 7-year unsecured term loan
UAE – Mubasher: Dubai Aerospace Enterprise (DAE) Ltd., a global leading aircraft leasing company, on Monday announced that it has signed a $300 million seven-year unsecured term financing with a group of six banks. The company will use the loan to …
Corporate Actions
The bank's outlook is stable
28 September 2019 07:14 PM Capital Intelligence affirms ADCB’s credit ratings at 'A+', 'A1'
Abu Dhabi – Mubasher: Capital Intelligence Ratings has affirmed the Long-Term and Short-Term Foreign Currency Ratings of Abu Dhabi Commercial Bank at 'A+' and 'A1', with a stable outlook, according to a statement. ADCB was also assigned a Bank …
Banking and Finance
The FRA’s decision was approved on 18 September 2019
23 September 2019 11:21 AM ADCB obtains MTO exemption from Egypt’s FRA
Abu Dhabi – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has granted Abu Dhabi Commercial Bank (ADCB) an exemption from the requirement to make a mandatory tender offer (MTO) to the minority shareholders of Union National Bank – …
Banking and Finance
UNB Egypt logged a profit of EGP 191.4 million in H1
18 September 2019 05:36 PM ADCB not to make MTO to acquire UNB Egypt – FRA
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said that Abu Dhabi Commercial Bank (ADCB) is not obliged to make a mandatory tender offer (MTO) to acquire a 96.64% stake in Union National Bank – Egypt (UNB Egypt). ADCB will not …
Corporate Actions
This transaction will not affect the bank’s profitability
10 September 2019 11:55 AM UAE’s ADCB to sell majority of India banking portfolio
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Tuesday announced it has approved to sell the majority of its India banking portfolio to DCB Bank. Following the completion of the selling transaction, ADCB will exit its operations in …
Company News
ADCB digitised trade finance for its customers through dltledgers
3 September 2019 11:59 AM ADCB degitises blockchain trade finance via Singapore’s dltledgers platform
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Tuesday announced it has digitised trade finance for its customers through dltledgers, a Singapore-based blockchain platform. ADCB has become the first bank in the UAE to carry out …
Banking and Finance
Total assets recorded $2.19 trillion in H1-19
26 August 2019 03:38 PM GCC banks’ assets hit $2.2trn in H1
By: Bedour Al Raee Mubasher: Assets of banks operating in the GCC increased by 9.13% year-on-year during the first half of 2019. Total assets recorded $2.19 trillion in H1-19, compared to $2.01 trillion in H1-18, according to Mubasher statistics. …
Banking and Finance
Net profits were backed by asset growth and robust non-interest income
7 August 2019 00:38 PM UAE largest banks’ H1 profits hike on assets growth – Moody’s
UAE – Mubasher: The UAE’s four largest banks have reported a growth in their profits for the first half of 2019, which totaled AED 19 billion ($5.3 billion), according to a report by Moody's Investors Service Middle East Limited. The four banks …
Sector Reports
Total net interest and Islamic financing stood at AED 4.008 billion in H1
29 July 2019 11:15 AM ADCB posts H1 consolidated interim financial results
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Abu Dhabi Securities Exchange (ADX), reported a consolidated interim net profit of AED 2.330 billion for the first half of 2019, versus AED 2.332 billion in H1-18. Total net …
Financial Results
By 11:20 am UAE time, the stock plunged 2.42% to AED 8.87
29 July 2019 10:57 AM ADCB’s stocks hits lowest in month
By: Enas Bahgat Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank’s (ADCB) stock, listed on the Abu Dhabi Securities Exchange (ADX), fell to its lowest level since 17 June 2019 after the bank announced its financial results for the first half of …
Trading Activities
Fitch confirmed AHB’s viability rating (VR) at 'b+'
11 June 2019 00:24 PM Fitch Rating affirms Al Hilal Bank’s IDR at 'A+'
UAE – Mubasher: The New York-based credit rating agency Fitch Ratings announced it has affirmed Al Hilal Bank's (AHB) long-term issuer default rating (IDR) at 'A+' with a stable outlook. The agency has also confirmed AHB’s viability rating (VR) at …
Ratings
Most of the ADX-listed banks posted solid profits for Q1
21 May 2019 11:37 AM Abu Dhabi banks report robust profits in Q1 - Analysis
By: Mahmoud Gamal Abu Dhabi – Mubasher: Most of the banks listed on the Abu Dhabi Securities Exchange (ADX) have posted solid profits for the three-month period ended 31 March 2019. Profits of the lenders operating in the oil-rich emirate were …
Sector Reports
The notes include $600 million senior unsecured notes due 2021
17 May 2019 09:09 PM Moody's affirms $1.4bn notes belong to UNB
Dubai – Mubasher:  Moody's Investors Service has affirmed the A1 senior unsecured (foreign) rating on the three outstanding notes of Union National Bank (UNB), with a stable outlook. The rights and obligations of these notes were transferred to …
Banking and Finance