THE MIDDLE EAST'S

TOP 30 BANKS 2022

8. ADCB Group

Country : U.A.E.
Group CEO : Ala'a Eraiqat
Market value: $17 billion
Revenues: $4 billion
Profits : $1.4 billion
Assets: $119.9 billion

The ADCB Group was formed in 2020 by the merger of the Abu Dhabi Commercial Bank and the Union National Bank and the acquisition of the Al Hilal Bank. Today, it has over 54 branches across the U.A.E. It signed a strategic partnership with the Abu Dhabi Residents Office in February 2022 to launch a new banking proposition for U.A.E. Golden Visas customers. In April 2022, it announced an agreement with U.A.E. Trade Connect to use the blockchain platform to help de-risk trade finance.