As of 2013, the best bank in the U.A.E. is the Emirates NBD bank. There was a merger
between the National Bank of Dubai (NBD), and Emirates bank, which then formed
Emirates NBD. This is a bank from Dubai, and at the end of 2012, their net
assets were over 83 Million USD. They experienced a growth rate of 8.31% in the
year, and the net profit from just 2012 was 695,350 USD.
Coming in a close second, with assets of around 82 Million USD is the
National Bank of Abu Dhabi, or NBAD. While the net
assets were less than that of NBD, they experienced a growth rate of 17.56%,
and made a net profit of over 1 Million USD.
Abu Dhabi Commercial Bank
(ADCB) came in third, with their total assets at the end of 2012 amounting to a
little over 49 Million USD, and a growth rate of 3.33%. The net profit made in
the year was 765,133 USD.
The 4th bank on the list is another Abu Dhabi bank, First Gulf Bank. This bank saw a growth rate of
11.13%, and at the end of the year, their assets amounted to over 47 Million
USD. The net profit made in just one year was 1,130,956 USD.
Dubai Islamic Bank is the 5th top bank in U.A.E. This bank
from Dubai is the only bank in the U.A.E., which follows Sharia law completely
and does not charge interest. At the end of 2012, the bank’s net assets were
worth nearly 26 Million USD, and the bank saw a growth rate of 5.27%.
Dubai Islamic Bank is by far the most unique bank, with services just for ladies, and a salary-in-advance option. The bank has a dedicated service for remittance to Pakistan, and is deemed one of the most ethical banks in the Middle East. No matter which emirate the banks are from, banking in general in the country has seen a definite improvement since the economic slump of 2008.
