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#2
March 25th, 2017, 01:38 PM
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| Re: Abu Dhabi Commercial Bank Report
Abu Dhabi Commercial Bank or ADCB is a bank in the United Arab Emirates formed in 1985 as a public shareholding company with limited liability, upon merger of Emirates Commercial Bank and Federal Commercial Bank with Khaleej Commercial Bank, which was established in 1975. The Government of Abu Dhabi through the Abu Dhabi Investment Authority (ADIA) holds 65% of ADCB shares; the remainder is held by other institutions and individuals. ADCB is one of the largest in the UAE in terms of shareholder funds and market capitalization. ADCB reported Full year 2013 net profit of AED 3,620 MN, compared to AED 2,810 MN in 2012. It is a United Arab Emirates-based public joint stock company that provides retail, commercial, investment, merchant, brokerage and fund management activities through its network of 48 branches in the United Arab Emirates and abroad: 2 branches in India and 1 in the UK. Abu Dhabi Commercial Bank Annual Report 2016 ADCB (Abu Dhabi Commercial Bank) delivered strong financial results in 2016, reporting a net profit of AED 4.157 billion and a return on equity of 15.7%. Abu Dhabi Commercial Bank Annual Report 2016     |