The primary financial regulatory authority in UAE is the UAE central bank . There are obviously both local and foreign banks operating in the UAE, Comprising 23 local and 26 foreign banks. The top 5 large banks in UAE account for about 60% of the sector’s assets and hence dominate the country’s banking industry. There are 8 Islamic banks and 23 Islamic windows set up by conventional banks in UAE, collectively accounting for 19% of total sector assets.
Below are the top 10 Banks in UAE:
With its headquarters in Dubai and employee population of 9,000, Emirates NBD is the largest banking group in the UAE. Currently, the bank manages 221 branches and 1,023 ATMs and SDMs in UAE and overseas. It’s business areas comprises of Retail banking and Wealth Management, Wholesale Banking, Islamic Banking, International, and Information Technology and Operations.
In 2016, the bank’s total assets amounted to US$121 billion with a net profit reaching US$1.97 billion.
National Bank of Abu Dhabi
Established in 1968, it is the largest lender bank in the Emirate of Abu Dhabi providing corporate, retail, private, investment and Islamic banking services. The bank is headquartered in Abu Dhabi employing 10,849 staff. It is present in 19 countries overseas.
The National Bank of Abu Dhabi In 2016, reported total assets of US$114 billion and a net profit of US$1.44 billion.