ADCB opens its doors at new Sheik Zayed Road branch

Press release

Published February 22nd, 2011 - 02:20 GMT

Eissa Al Suwaidi, the Chairman of ADCB, inaugurates the new branch

Abu Dhabi Commercial Bank today announced the opening of its newest Bank branch on Sheikh Zayed Road, bringing the total number of branches across the UAE to 47. H.E. Eissa Al Suwaidi, the Chairman of ADCB formally opened the new branch at prestigious ceremony attended by ADCB Board Members, Ala’a Eraiqat, Chief Executive Officer, Executive Management Members, VIP customers and employees.

The new branch cements ADCB’s commitment to service excellence, mirrored in all its branches across the UAE, with customers benefiting from innovative, efficient, fast and easy to use products and services. The branch will service all customers, from retail and wealth management to commercial and small and medium enterprises (SMEs).

The latest addition to ADCB's branch network will also host a specific desk for ADCP customers as well as two ATMs providing deposit facilities for both ADCB and former RBS customers.

Commenting on the branch opening, Ali Darwish, Head of Branch Network of ADCB, said “ADCB continues to evaluate its customer’s needs and the opening of the Sheikh Zayed Road branch is testament to this. Our commitment to providing customers with innovative products and services in high traffic locations continues with the opening of this strategically located branch.”

“We recognize that the UAE is a global hub for individuals and businesses alike, with diverse banking needs. We believe the new Sheikh Zayed Road branch allows our customers to bank without restriction, offering them access to our services and products at any time of day or night.”

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.