ADCB Full Form

What is the full form of ADCB?

The full form of ADCB is Abu Dhabi Commercial Bank. Abu Dhabi, United Arab Emirates, is home to ADCB, a bank. In 1985, Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank merged to become ADCB. ADCB is a full-service commercial bank which has been offering a wide range of products and services such as retail banking, wealth management, interest rate and currency derivatives, Islamic products, project finance, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange and property management services.

This Story also Contains

1. What is the full form of ADCB?
2. History of ADCB
3. Mission of ADCB
4. Vision of ADCB
5. Values possessed by ADCB
6. Organisational structure of ADCB

History of ADCB

Abu Dhabi Commercial Bank (ADCB) was established in 1985 as a public shareholding company with the limitation of liabilities in it. It followed the mergers between Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, which was established in 1975.

Through the Abu Dhabi Investment Council (ADIC), The Government of Abu Dhabi upholds 62.52% of ADCB shares; the remainder is to be held by other institutions and individuals. ADCB is known to be the third-largest bank in the UAE in terms of balance sheet size and offers a range of commercial and retail banking services to a number of its customers.

Till 30 September 2018, it has employed over 5000 people serving retail and corporate clients. Besides 56 branches in the UAE, it has only 1 branch in Jersey. It also manages out-of-representative offices in countries like Singapore and London.

In the month of January 2019, a 3-bank merger has been declared between ADCB, Union National Bank and Al Hilal Bank. The combination of these banks continues to be in charge as ADCB although Al Hilal Bank tends to operate as a standalone Islamic bank amalgamated under the branch of a new group entity.

Mission of ADCB

To raise partnerships with customers that last a lifetime and are long-lasting by treating each and every customer as an individual for offering creative and innovational products and unparalleled as well as exceptional service. Also, the bank tends to never forget the thought that our customer has a choice

Vision of ADCB

The vision is to become the number-one choice bank in the UAE. A bank which is a constantly ingenious, financially triumphant organisation of the greatest integrity, respected by the customers, by the competitors and by the community of the world.

Values possessed by ADCB

1. Integrity

2. Care

3. Ambition

4. Respect

5. Discipline

Organisational structure of ADCB

The Board of directors is the main decision-making body of the bank. It is the superintendent for directing, overseeing, and controlling the bank as well as its functions and is accountable for producing and developing long-term shareholder value through the shareholders through the direction of businesses and oversight. It approves and satisfies the bank's objectives, strategies, and policies. The board is to be responsible for monitoring the performance of the bank and overseeing the management of the bank.

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