Article image: The largest banks in the United Arab Emirates

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Virtually 60% of the Emirates’ GDP derive from foreign capital investments income. Full version

Over the last decade thanks to the development of infrastructure, increased flows of foreign investment, strong growth of residential and commercial real estate the United Arab Emirates have come to occupy a leading position in all international ratings. Banking sector was not an exception.

The modern United Arab Emirates is a global financial and business center. International analysts have pointed out that banking system of the Emirates has successfully overcome crisis times and is aimed at active development.

Banks of the United Arab Emirates in international ratings

Banking institutions of the UAE are among the strongest and most stable banking institutions in the world. One of these banking institutions, which deserves the title of the largest bank in the Middle East region is the National Bank of Dubai (Emirates NBD). The total capitalization of this banking institution exceeds USD 900 million. National Bank of Dubai is added to category AA, which includes the strongest banks in the world.

Also this category includes the National Bank of Abu Dhabi (NBAD); It is noted that this bank has increased its brand value twice over the last few years. Capitalization of the banking institution exceeded USD 8 billion.

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Next in rating follow banking institutions such as Abu Dhabi Commercial Bank and First Gulf Bank. Capitalization of these banking institutions is over USD 500 million and USD 300 million respectively.

Speaking of the largest banking institutions in the United Arab Emirates it is worth noting the following banks as Central Bank of the United Arab Emirates, Bank of Dubai, Dubai Islamic Bank and Commercial Bank of Dubai.

It should be noted that due to the investment attractiveness and positive attitude of the whole global business world to the Emirates the banking system has attracted many major international banking institutions. Among foreign banks operating in the Emirates are the following banking institutions:

  • Standard Chartered Bank - the largest bank in Europe;
  • HSBC - the largest bank in Hong Kong;
  • Barclays Bank - a major UK banking institution.

Currently there is no doubt that consequences of the global financial crisis are over. Banks operating in the Emirates have gone into their usual pace and continue to actively develop international financial instruments. Millions of foreign nationals including investors and tourists enjoy provided UAE banking services.

Banking and lending institutions operating in the United Arab Emirates are ready to offer their customers the most favorable lending terms and minimum rates for conducted financial transactions. Additionally you get high quality service and a wide selection of the most modern banking instruments.

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