Banks in the UAE

The United Arab Emirates is one of leading financial centers in the world. The UAE’s banking sector includes 24 locally established banks as well as branches, subsidiaries and representative offices of foreign financial institutions. The Central Bank of the UAE, established in 1980, is responsible for banking regulation in the country. Below is a list of the largest and best banks in the UAE.

Top 10 Banks in the UAE

Following is a list of the largest banks in the UAE ranked by total assets in billions of U.S. dollars.

First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) is the largest bank in UAE by assets, deposits, loans, market capitalization and number of employees. It provides a full suite of banking products and services through 65 branches and 400 ATMs across the nation. It also has offices in Bahrain, Saudi Arabia, the UK, Switzerland, USA, France, Brazil, Oman, Sudan, Cayman Islands, South Korea, China, Hong Kong, India, Malaysia and Singapore. The company is one of the safest banks in the UAE according to Global Finance.

Emirates NBD

Emirates NBD Bank is the second largest financial institution in the UAE with total assets of over $250 billion. Formed by the merger of National Bank of Dubai and Emirates Bank International (EBI) in 2007, today it employs over 30,000 people. Emirates NBD was named UAE's Best Bank for SMEs and Corporates as well as Middle East's Best Bank for Wealth Management by Euromoney. The Bank has long-term credit ratings of A2 and A+ from Moody’s and Fitch, respectively, with a stable outlook. The company's common stock is listed on the Dubai Financial Market, with a market capitalization of US$37 billion as of January 2025.

Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) is a full-service bank providing personal and corporate banking, investment banking and wealth management to more than 2.3 million clients. It is the third-largest bank in UAE with assets of $174 billion, net loans of $94 billion, customer deposits of $110 billion and shareholders’ equity of $20 billion at September 2024. It maintains about 50 local branches and over 470 ATMs as well as offshore branch in Jersey and representative offices in Singapore and London. In 2019, ADCB merged with Union National Bank (UNB) and Al Hilal Bank.

Dubai Islamic Bank

Dubai Islamic Bank (DIB), one of the leading banks in UAE, offers a wide range of products and services to retail, corporate, private and institutional clients through more than 90 branches across all of the Emirates. DIB's core business areas include personal and business banking, corporate and investment banking, treasury, real estate and contracting finance. The company serves over 1.6 million customers and employs more than 4,200 people. As at June 30, 2024, DIB’s total assets reached $88 billion.

Mashreq

Mashreqbank PSC, incorporated in the Emirate of Dubai in 1967, is the fifth-largest and the oldest privately owned bank in the UAE. The Bank changed its name from Bank of Oman to Mashreq in 1993. The company offers retail, commercial and investment banking, mobile and online banking, brokerage and asset management services through 44 domestic branches and overseas offices including locations in the UK, Kuwait, Hong Kong, Qatar and the United States.

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank (ADIB) offers a comprehensive suite of banking, financing and investing services by means of various Islamic instruments such as Musharaka, Murabaha, Sukuk, etc. The company operates a network of more than 80 domestic branches, three branches in Qatar, Iraq and Sudan, and a subsidiary in the United Kingdom. In the first half of 2024, the Group’s total assets and deposits amounted to $58 billion and $49 billion, respectively.

HSBC UAE

HSBC Bank Middle East Limited (UAE Operations) offers a diverse range of high-quality financial products and services to retail, commercial, corporate and institutional customers through branches located in Abu Dhabi, Bur Dubai, Deira, Jumeirah, Jebel Ali, Sharjah, Ras Al Khaimah and Fujairah. The company has consolidated total assets of over $37 billion.

Commercial Bank of Dubai

Commercial Bank of Dubai is a public shareholding company (PSC) offering innovative financial products through personal, corporate, commercial, Islamic and investment banking segments. It was formed in 1969 as a joint venture of Chase Manhattan Bank, Commerzbank and Commercial Bank of Kuwait. Today, the Group has a network of 25 branches and over 200 ATMs and CDMs. The Bank’s subsidiaries include CBD Financial Services, Attijari Properties, CBD (Cayman) Ltd and National General Insurance.

Emirates Islamic Bank

Emirates Islamic Bank, established in 2004, provides a wide array of Shariah-compliant products and services to personal, small business and corporate customers. The company operates through a network of 68 branches and about 100 ATMs across the country. As of September 2024, it had $30 billion in total assets and $20 billion in customer deposits.

RAKBANK

RAKBANK (known as The National Bank of Ras Al-Khaimah) is the tenth largest bank in UAE. It was founded in 1976 and today operates through around 30 domestic branches. It offers retail, business and corporate banking services, mobile and online banking, life and property/casualty insurance, mortgages, credit cards, premium or elite banking and other financial services.