First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), has been a cornerstone of Dubai’s dynamic and robust financial landscape. Formed in 2017 through the merger of First Gulf Bank and National Bank of Abu Dhabi, FAB has emerged as a powerhouse in the region, with a significant presence in Dubai. This comprehensive article delves into FAB’s remarkable journey, its diverse range of services, strategic initiatives, contributions to Dubai’s economy, and the profound impact it…
Category: Dubai Banks List
Local banks can be categorised in several different ways according to several Dubai banks lists. Of course, we all know how the listing and categorisation goes and on how statistics are concluded and which are the main statistic makers in every region. Therefore, we will discuss the Dubai banks lists and their different types; also, we will let you know the certain rankings of Dubai banks according to their category.
Dubai banks are most often categorised and researched by Ethos Consultancy. The categories of Dubai Bank lists are mainly the same every year. There are bank lists featuring the Dubai banks according to revenue, overall quality of services, and quality of customer service. Ethos makes its statistics and surveys after visiting banks more than a hundred times a year, makes informative phone calls by mystery shopper firms and writes enquiries to the websites of the banks. In the last few years, Ethos Consultancy has been screening 27 retail banks in Dubai. Let us see the types of their Dubai bank lists with the bank that ranked on the first place at the time of the last survey:
Best Overall bank: RAK Bank
Best International Bank: Lloyds TSB Dubai
Best Islamic ( Sharia compliant) banks Dubai Bank
Best Branch Visit Performance: RAK Bank
Best Call Centre Performance: First Gulf Bank
Best Website Performance: First Gulf Bank
The ranking of most improved banks: Dubai Bank
Ethos also makes several sorts of overall bank lists as to rank the banks yearly and the bank that has most often won the first award has been RAK Bank of Ras Al Khaimah. Just for information there are also negative Dubai banks lists for example the worst performance of customer service which were “won” by HSBC Bank and Citibank. They have also enlisted the banks with the most declining services and on this place, we can find the National Bank of Abu Dhabi ranked on the first place. According to the collective surveys the Dubai banks lists enlist RAK Bank, First Gulf Bank and Emirates Islamic Bank on the first three places as the three best banks of Dubai.
There are further Dubai banks lists, which keep track of the overall basic banking costs of all the Dubai banks, which include the prices of opening an account, ordering a credit card and also measuring the percentages deducted from clients for the credit card fees and late credit payments. On various websites, you can find further Dubai bank lists of international bank branches, branches planned to be opened and full lists of UAE banks.
Ethos Consultancy measures the banks operation by counting the number of accounts per 1000 UAE adult citizens, branches per 100.000 UAE citizens, ATMs per 100.000 citizens and also counts the number of branches per city, per emirate and per country every year. We can get to know a lot of these statistics and so can the Central Bank of Dubai which is the hub, the legislative and the operational leader of every banks in the area of the United Arab Emirates.
Emirates Islamic Bank
Emirates Islamic Bank (EIB), a leading Islamic financial institution in the United Arab Emirates (UAE), has played a pivotal role in shaping Dubai’s dynamic and diverse financial landscape. Established in 2004 as a subsidiary of Emirates NBD, EIB is one of the key players in Dubai’s thriving banking sector. With its unwavering commitment to Sharia-compliant banking practices, innovative products, and customer-centric services, EIB has not only contributed to the city’s economic growth but has also strengthened Dubai’s position as a…
Al Hilal Bank
Al Hilal Bank, a prominent Islamic bank in the United Arab Emirates (UAE), has played a vital role in shaping Dubai’s ever-evolving financial landscape. Established in 2008, Al Hilal Bank has garnered a reputation for providing innovative and Sharia-compliant financial products and services. With its headquarters in Abu Dhabi, the bank has strategically expanded its presence across the UAE, including Dubai. This article explores Al Hilal Bank’s contributions to Dubai’s financial ecosystem, its services, achievements, and its impact on the…
First Gulf Bank in Dubai
First Gulf Bank although a couple of years ago has shown several signs of a possible bankruptcy, had been luckily saved by the Emirates government and ever since, if has gotten wings and ranked as the second best bank of the United Arab Emirates. Let us see what First Gulf Bank offers for its clients. First Gulf Bank is based in Abu Dhabi, the capital of the United Arab Emirates. The ownership is parted between several members of the Sheikh…
Bank of America in Dubai
Discover financial stability and exceptional service with Bank of America in Dubai. Benefit from a range of personal and business banking solutions, including mortgages, loans, and investments. Enjoy expert advice and exceptional customer service. Elevate your financial well-being and indulge in a little peace of mind with Bank of America in Dubai. Bank of America has been one of the strongest international banks in Dubai. The founding of the Dubai branch of the Bank of America that has opened its…
Habib Bank in Dubai
Habib Bank, Bank Al Habib and HBL Pakistan come from the same source although the HBL, which is the biggest, and today a governmentally owned bank originating and still called as Habib Bank internationally. The Habib Bank is one of the biggest banks in the world, especially when talking about Islamic banks. With its 1450 branches in Pakistan and a further 55 in the 5 continents of the world, the Habib is one most important bank of Pakistan and the…
Commercial Bank of Dubai
Commercial Bank of Dubai is one of the main banks of the Emirate that deals with commercial banking as its priority but also deals with retail and wealth management possibilities. Only a specific clientele can be the account holder at Commercial Bank, which because of this manages to keep a high profile status among the banks of Dubai. Commercial Bank of Dubai was established in 1969 as a result of a joint venture between the German Commerzbank the Chase Manhattan…
HDFC Bank in Dubai
HDFC is the biggest private banks of India that has extensive services in Dubai and the whole area of the United Arab Emirates, considering those hundreds of thousands of Indians who live and work in its territory. Therefore, HDFC is among the most important expat banks of Dubai, having affiliate agreements with several financial companies in order to make payments for Indian nationals all the easier. HDFC Bank in Dubai has its own branches; but also due to its affiliate…
Bank of Baroda in Dubai
It is a well-known fact that Dubai and India has always had very strong connections in terms of business. Today, more than half of the Dubai residents are in fact Indian and Dubai can thank a lot for all the Indian businesspersons who helped to flourish the emirate. Bank of Baroda is the third largest bank of India and naturally, it has its branches in Dubai as the main state, which employs also those who have Indian citizenship. Let us…
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank is one of the main banks of the United Arab Emirates being the main Islamic Bank of Abu Dhabi. Established in 1997 the Abu Dhabi Islamic Bank keeps up with the modernisation offering advanced services to its clients. The Women’s Bank of Abu Dhabi Islamic Bank is called Dana specialised for women clients only, as women as not allowed in Islamic banks only if they go to the women’s area. Abu Dhabi Islamic Bank has many…
Samba Bank in Dubai
Samba Bank has come a long way, since it was founded as The Saudi American Bank of Saudi Arabia, thanks to the cooperation of Citibank. Samba Bank’s presence is especially important in Dubai and in Pakistan where altogether 28 branches are located. The roots of Samba Bank go back to the Fifties’ when Citibank has opened its first branch in Jeddah. Samba Bank, which is called today as Samba Financial Group, was founded in 1980 when Saudi Arabia was on…
HSBC Bank in Dubai
HSBC Bank is one of the world’s leading financial institutions offering the opening of local, international and offshore bank accounts in Dubai. HSBC Bank in Dubai is part of the HSBC Middle East and its current head office is in Jersey Island having main shareholding in Saudi Arabia and Egypt as well. In Dubai, head offices of HSBC are mainly located in Bur Dubai and Jebel Ali with a customer service in Mercato Mall. HSBC Holding is the leading corporation…
SBI Bank in Dubai
State Bank of India is the largest bank of India having its origins back in the age of the British Empire in India. The SBI Bank is the largest of the biggest 4 banks of India which includes, apart from SBI, the ICICI, Punjab National Bank and HDFC Bank and its among the largest banks in the world too. SBI Bank has its branches in Dubai of course, which is home to so many Indians working in the whole UAE.…
Standard Chartered Bank in Dubai
Standard Chartered Bank is a British Bank that really serves as a memento for the British Empire, which has ruled the world for almost 4 centuries starting from the 1600’s and pulling out of its last colonies in the Sixties and Seventies. Despite its British origins the Bank has mainly operated and did its business and investment in the African, Middle Eastern and Asian regions, having its first branches opened in Shanghai China, Mumbai, India, in Hong Kong Great Britain…
RAK Bank in Dubai
RAK is the general abbreviation used for Ras Al Khaimah. The alone standing Emirate, being next to Dubai is place of a growing interest especially when it comes to business and offshore activities and banking activities. RAK Bank has been chosen as the best bank of the United Arab Emirates multiple times, thanks to its various outstanding services and for the employing of the best customer service too. Operating with a much better opening hour schedule, RAK Bank houses much…
Union Bank of India
The Union Bank of India is the largest private banks of the country, which as of today is nationalised. The large bank that has over 2400 branches in its homeland has announced the opening of its new branch in Dubai in the end of 2010. Union Bank has specifically been created in Dubai for managing the financial affairs of the tens of thousands of Indians who live in Dubai. Let us see now can Union Bank possibly offer us and…
Deutsche Bank in Dubai
Deutsche Bank Dubai branches are under the control of Deutsche Bank Middle East and North Africa responsible for the operations of DB in these regions. Deutsche Bank (DB) is one of the leading banks of Europe and the world. Let us see what can Deutsche Bank in Dubai offer its clients. Deutsche Bank is among the largest banks in the world founded in 1970 having its headquarters in Frankfurt, it is the largest foreign exchange dealer in the world possessing…
Noor Islamic Bank in Dubai
Founded by the Al Maktoum family which is ruling Dubai, Noor Islamic Bank is one of the youngest banks of Dubai founded in 2008 just in the Middle of the financial crisis yet Noor Islamic Bank has proved to be successful having branches in all the big cities of the United Arab Emirates. Noor Islamic Bank as its name says works according to Sharia Islamic laws offering all sorts of Islamic Banking services for everyone. Apart from being a bank,…
Mashreq Bank in Dubai
Mashreq Bank is one of the leading banks of the United Arab Emirates. Mashreq Bank operates all over the Emirates and in Bangladesh, Pakistan and Sudan. The Mashreq Bank’s leader is Abdullah Al Ghurair who is also famous for setting up Dubai’s first shopping mall the Al Ghurair Shopping Mall with their head office being right next to this spectacular shopping and residence centre. The main branches of Mashreq Bank can be found in Dubai, Abu Dhabi, Al Ain, Ras…
Citibank in Dubai
Citibank is the main and third largest bank of the United States that has opened its first Dubai offices a couple of years ago. Today, it has more branch offices in Dubai and Abu Dhabi. Citibank has branches and representatives in 100 countries of the world with the UAE Dubai branches being one of these. The bank offers diverse individual and corporate financial services for Dubai and UAE clients. Citibank offers great well-developed services for all of its clients, starting…
Barclays Bank in Dubai
Barclays Bank is one of the biggest international banks in the world based in London England. Barclays Bank operates in the world’s 50 countries in every continent of the world with the exception of Latin America. According to the statistics, the bank is the 10th on the list of the biggest international banks. Barclays Bank United Arab Emirates branch is located in Dubai and it’s been working in the Middle East since 1974. Next to Dubai, Barclays Bank operates a…
Arab Bank in Dubai
Arab Bank is also the bank that was the very first privately held bank in the whole MENA region, which basically means the whole Arabic world. The story of Arab Bank is really fairy tale story starting in the end of the nineteenth century with one man who has established one of the world biggest banks which is definitely the bank with the biggest international webs all around the world, typically for Arabic people and expats but not closing out…
Emirates NBD
National Bank of Dubai and Emirates Bank has ceased to exist under their names yet united and formed Emirates NBD, which is one of the main banks of Dubai and the whole United Arab Emirates. The rebranding process of the two banks into one has ended in 2010 so this way Emirates NBD is a new entity. The account and shareholders who were previously in one of the banks have automatically become the share and accountholders of Emirated NBD under…
Dubai Islamic Bank
The Dubai Islamic Bank or DIB as they call it in the Emirates had been founded back in 1975. Today, the Dubai Islamic Bank is one of the largest banks of the United Arab Emirates. As for its operation, it is being operated according to the requirements of the Islamic regulations covering bank transactions and according to the national regulations on all bank matters. The Dubai Islamic bank has more than 60 branches all over the United Arab Emirates, with…