Dubai is all about business. If you want to invest in Dubai, then you should not think twice. You will be truly amazed when you explore its business facilities.
Dubai has tons of services and facilities for entrepreneurs to help them establish their businesses.
Banks in Dubai are the most reliable ones in the world and provide all types of solutions customers need for both business and personal use.
Did you know?
Dubai is one of the largest trade center in UAE where people come from everywhere around the world.
The banking sector is one of the factors one can strongly consider before moving to Dubai.
So today we are here with the list of top banks in Dubai, UAE.
List of Top Banks in Dubai, United Arab Emirates
Here is the list of top Dubai banks. By reading the following details of each bank, you will be urged to open an account in any of them.
EMIRATE NBD is a leading banking group in the Gulf region that was established on the 16th of October 2007 with the shares of Emirates NBD being officially listed on the Dubai Financial Market (DFM).
Emirates Bank International (EBI) and National Bank of Dubai (NBD) merged in 2007 to form Emirates NBD.
It became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth-largest banks in the United Arab Emirates (UAE) to form a banking giant.
First Abu Dhabi Bank
When it comes to the largest networks in the entire UAE, the First Abu Dhabi Bank comes at the top.
The merger of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank in 2016, formed First Abu Dhabi Bank.
Abu Dhabi Commercial Bank (ADCB)
Abu Dhabi Commercial Bank (ADCB) is a full-service commercial bank. It offers a vast range of services and solutions to customers.
As of 30th September 2018, ADCB employs over 5000 people from around 80 nationalities.
ADCB has a total of 52 branches with 49 in UAE, 2 in India, and 1 in Jersey. Not only that, it has 356 ATMs.
In January 2019, a 3 bank merger happened that merged ADCB, UNB (Union National Bank), and Al Hilal Bank.
The combined bank continues to operate as Abu Dhabi Commercial Bank (ADCB).
Dubai has grabbed international businesspersons’ attention to itself. Therefore, most of the businesspersons invest in Dubai because they know they can increase their income more here.
Dubai Islamic Bank
Dubai Islamic Bank is dedicated to Islamic Banking that was established in 1975. In June 2012, the bank was named as the “Best Islamic Bank” in the region by Banker Middle East Magazine.
Dubai Islamic bank has over 45 years of experience in Islamic banking and has combined the highest ethical standards of banking with state-of-the-art technology. The bank currently has 66 branches across the UAE.
Abu Dhabi Islamic Bank (ADIB)
The Abu Dhabi Islamic Bank is dedicated to the public and is publicly owned. It was established on 20th May 1997 as a Public Joint Stock Company.
ADIB has worked hard to make a name for itself by providing everything a customer expects from his/her bank. ADIB has 70 branches and 460 ATMs.
Since its establishment in 1967 by Al-Ghurair Group, Mashreq has provided banking and financial services to millions of customers and businesses.
Mashreq is invariably among the highest performing banks in not only Dubai but the entire Gulf region.
Mashreq is the largest private sector bank in the UAE. They have an extensive network of branches with 32 branches in the UAE and 20 branches / representative offices in MENA, Asia, Europe, and the United States.
National Bank of Ras Al-Khaimah (RAKBANK)
RAKBANK was founded in 1976 and is also known as the National Bank of Ras Al Khaimah. It is a (P.S.C) a Public Joint Stock Company and one of the oldest and most dynamic banks in the UAE.
The Bank underwent the most significant transformation in its history in 2001 when they shifted their focus from Corporate Banking to Personal and Business Banking.
The Bank has 36 branches and offers a wide range of personal and business banking services. RAKBANK has future-proof electronic banking solutions, which include telephone and digital banking.
RAKBANK is headquartered in the emirate of Ras Al Khaimah in the UAE. The Bank is 52.76% owned by the Government of Ras Al-Khaimah, and its shares are publicly traded on ADX.
Commercial Bank of Dubai
Your banking dreams come true here. With the Commercial Bank of Dubai (CBC), you can expand your business in any way you want.
The bank offers banking, borrowing, protecting, investing, and discovering services through personal, business, corporate, Islamic, and financial services.
CBD was founded in 1969 by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum.
CBD is a UAE banking and financial services corporation headquartered in Deira, Dubai with more than $10 billion in assets, Gulf Business listed CBD as the 35th largest bank in the Persian Gulf region.
Requirements to open a Bank Account in Dubai, UAE
Just like any other bank in the world, the banks in Dubai have some requirements too for opening a new account.
Though the requirements and the needed documents can differ from bank to bank:
- A valid residence in Dubai
- Original passport with residency visa or UAE citizenship documents
- Salary certificate and employer or sponsor no-objection letter
We would recommend you not hesitate to open an account in any of them. These are the most reliable, high-ranking, and top banks in Dubai, UAE.
These banks are at the customer’s service at any time. Dubai banks serve the way that satisfies every account holder.
Banks in Dubai provide us with Islamic Banking, Personal Banking, and Business Banking like Commercial Banking, Corporate Banking, Financial Institution, Transaction Banking, and Treasury Services.
Not only that, you are provided with Offer Zone (e.g., Travel, Shopping, Fashion, Wellness), Bank Rewards (e.g., Gifts, Discounts), and many more surprises.
These are all offered in different ways, such as Internet Banking, e-Statement, Mobile Banking, ATM, CCDMS, SMS Banking, Telephone Banking, Branches, Safe Deposit Locker, Cheque Deposits).
That’s all! These are all the best banks in Dubai, and you are free to pick any of them for your business and personal needs.