Biggest Banks in UAE | Top 10 International Banks in Dubai

Best Banks in UAE | Top International & Commercial Banks in Dubai

Welcome to this article about banks in UAE, the top international and commercial banks in Dubai and the whole of United Arab Emirates, via Afrokonnect.

The Central Bank of the United Arab Emirates (UAE) is the primary regulator of the banking sector in the UAE.

It is also responsible for creating and putting into practice the banking, credit, and monetary policies that are in place throughout the UAE.

As well as acting as the UAE’s central bank, it is responsible for the upkeep of the country’s gold and foreign currency reserves.

Basically, the role of the state’s financial agent is played by the Central Bank. The United Arab Emirates has two primary types of commercial banks, which are as follows:

1. Locally Incorporated Banks:

These financial institutions are public shareholding organisations that have been granted a license in accordance with the provisions of Union Law (10) of 1980.

2. Branches of Foreign Banks:

In accordance with the regulations of the legislation, these financial institutions have been granted permission to conduct business in the area by the Central Bank.

In the United Arab Emirates (UAE), there are 46 commercial banks that are locally incorporated.

The local banks that are controlled by the governments of the several Emirates have a strong presence in the financial sector of the UAE.

Customers can obtain a wide range of banking and financial products and services from the leading banks in the UAE,

Including private banking solutions, commercial banking, loans, credit cards, asset management, investment banking, Islamic banking, and more.

In that part of the world, Islamic banking has experienced significant growth, with the establishment of seven specialised banks that offer Shariah-compliant Islamic banking products. Additionally, other non-islamic banks have begun offering Islamic banking services.

Top 10 Biggest Banks in UAE – Best Commercial and International Banks in Dubai

The following is a list of the top 10 banks in the United Arab Emirates:

  1. First Abu Dhabi Bank

National Bank of Abu Dhabi (NBAD) and First Gulf Bank merged in 2017 to form the First Abu Dhabi Bank, which is now the largest bank in the whole of United Arab Emirates.

This leading bank offers Islamic banking, corporate banking, retail banking, and private banking services. Its headquarters are located in Abu Dhabi. The bank held assets totalling over 183 billion dollars.

2. Emirates NBD Bank PJSC

Emirates NBD is the result of a merger that took place in October 2007 between Emirates Bank International (EBI) and the National Bank of Dubai (NBD),

It is now one of the largest groups in the United Arab Emirates, Dubai serves as the location of the bank’s main office.

The banks offer their customers a wide variety of services and conduct their operations through a variety of business units.

These business units include retail banking and wealth management, financial institutions, large corporations, real estate developers, investors, and others.

Banking services such as wholesale banking, Islamic banking, investment banking, mortgages, and credit cards are included in this category.

  1. Abu Dhabi Commercial Bank (ADCB)

The headquarters of Abu Dhabi Commercial Bank can be found in Abu Dhabi.

The government of Abu Dhabi owns a 65% stake in the bank that was established in 1985 through the merger of three other financial institutions.

In addition, the bank has total assets that amount to over $70.32 billion, it offers retail banking, commercial banking, Islamic banking, and other financial services through its many different business segments.

They provide banking and financial services based on Islamic principles, provided through Islamic banking’s myriad of business branches.

4. Dubai Islamic Bank

In 1975, Dubai Islamic Bank opened its doors for the first time. It was the first bank of its kind to incorporate Islamic teachings and values into its day-to-day operations.

Additionally, the most prominent Islamic financial institution in the UAE. City of Dubai is home to the bank’s main office.

The first Islamic bank serves as a model for Shariah-compliant banking services offered by other financial institutions around the world.

In accordance with Shariah law, it promotes a diverse range of novel products. The financial institution engages in a diverse range of commercial activities, including consumer banking, corporate banking, real estate development, treasury, and many others

5. Union National Bank – International Banks in Dubai

Union National Bank is a major domestic financial institution that was established in 1982 and has its main office in Abu Dhabi.

The governments of Abu Dhabi and Dubai are both shareholders in the financial institution. The bank is organised into several divisions, including Treasury, Investment, and the International and Financial Institutions Division.

Individuals in the UAE who are salaried, individuals who are self-employed, individuals who have a high net worth,

And, business entities all receive a variety of financial products and services from the bank.

The bank maintains overseas branches in Egypt, Qatar, and Kuwait, in addition to a representative office in the People’s Republic of China.

Commercial and International Banks in Dubai


6. Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank comes in at number six and is a public joint stock company with its headquarters in Abu Dhabi.

Having been founded on May 20th, 1997, this financial institution is a Shariah-compliant lender that also offers personal, business, private, and corporate banking services.

It conducts its daily operations through its various business divisions, which include global retail banking, global wholesale banking, private banking, treasury, and real estate, among others. The bank maintains offices in international locations including Egypt, Iraq, Saudi Arabia, and the United Kingdom.

7. RAKBANK: National Bank of Ras Al Khaimah

RAKBANK is an abbreviation for the National Bank of Ras Al Khaimah, also known as the National Bank of Ras Al Khaimah.

The bank was established in 1976, and the Ras Al-Khaimah Emirate serves as the location of it’s main office. The ownership of 52.8% of the bank is held by the Ras Al-Khaimah government.

Individuals and companies in the UAE can take advantage of the bank’s retail and commercial services, respectively.

The bank was given the award for “Small and Medium-Sized Enterprise Bank of the Year” by the Arabian Business StartUp Awards as well as the award for “Middle East’s Best Internet Banking Product of the Year” by The Asian Banker.

8. National Bank of Fujairah – Best Commercial Banks in Dubai, UAE

Eighth on the list is the National Bank of Fujairah, which is a commercial bank that was established in 1982 and has it’s main office in Fujairah, United Arab Emirates.

At the 2017 Banker Middle East UAE Product Award, the Bank and its subsidiary were honored in the following categories:

  • Best Customer Service – Corporate & Investment Banking
  • Best Treasury Management
  • The Best SME Internet Banking Service
  • Best SME Trade Finance Offering
  • The Best Corporate Advisory Service

9. Mashreq Bank – Best Private Banking company in Dubai

9th on the list is the Mashreq Bank, which has been around since 1967 and has its headquarters in Dubai. It is the leading bank in the UAE that is privately owned, as well as the oldest of its kind.

HSBC Bank is affiliated with this financial institution as an associate company. Mashreq offers retail, commercial, and investment banking services, as well as asset management, Islamic banking, and brokerage services.

It also offers corporate finance and investment advisory on mergers and acquisitions, initial in public offering and underwriting, and initial public offering and underwriting.

In addition, the bank was the first in the UAE to introduce consumer loans, install ATM dispensers, and issue debit cards. Qatar, Kuwait, Egypt, and Bahrain are just some of the countries in which Mashreq Bank operates branches.

Biggest Banks in UAE – Best Commercial and International Banks in Dubai

Best Banks in UAE | Top International & Commercial Banks in Dubai

10. Commercial Bank of Dubai (CBD)

The Commercial Bank of Dubai was established in 1969 and has its main office in the district of Deira in Dubai.

The bank offers a wide range of services, including Islamic banking, corporate banking, commercial banking, personal banking, and other financial support services.



We sincerely hope that you found this overview of the Top 10 Banks in UAE to be helpful and interesting.

We discuss the financial status of the banks in the UAE in addition to two major categories of topics and list of top commercial and international banks in the United Arab Emirates. Let us know what you think via the comment section below.



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