UAE: Abu Dhabi Financial Services

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Operating within the largest banking sector in the GCC, Abu Dhabi’s banks have thrived, and today the UAE capital is home to some of the most successful lenders in the country. In 2011 they demonstrated continued profitability despite the challenges presented by regional unrest and global economic turbulence. The possibility of exogenous shocks...

The opening months of 2012 were characterised by renewed optimism throughout GCC debt markets, as a series of well-received bond issuances suggested that the period of quiescence that followed the global economic crisis had reached its end. Regional issuers moved to take advantage of favourable funding costs and increased liquidity in the market,...

THE COMPANY: Abu Dhabi Commercial Bank (ADCB) was formed in 1985 when Khalij Commercial Bank merged with Emirates Commercial Bank and Federal Commercial Bank, and changed its name. ADCB’s principal activities include: wholesale banking, consumer banking, treasury and investment-related services....

A number of significant changes to the regulatory framework governing Abu Dhabi’s banking sector took place throughout 2011, as the central bank addressed potential market vulnerabilities revealed by the global credit crisis. Each reform carries implications for the emirate’s banks, but none more so than the new regulations in retail lending...

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