Commercial Bank of Dubai P.S.C

Banking

United Arab Emirates - Dubai

100-499 Employees

1K+ Followers


Learn about Commercial Bank of Dubai P.S.C

About Commercial Bank of Dubai P.S.C

Commercial Bank of Dubai was established in 1969, as a Public Shareholding Company by an Emiri Decree issued by His Highness the late Sheikh Rashid bin Saeed Al Maktoum, the founder of modern Dubai. In the beginning, the Bank was owned by Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, with UAE businessmen holding a minority stake. In 1982, the Bank reached a major milestone in its development when it transformed itself into a National Public Shareholding Company, leading to a major restructuring of its operations and an increase in its capital base. This represented a major turning point in the Bank's history, in that, in addition to the increase in the Bank's capital, the Government of Dubai became a major shareholder. Over the years, Commercial Bank of Dubai built itself into a progressive and modern banking institution, endowed with a strong financial structure and strong management, as well as a loyal and ever-increasing customer and correspondent base. Today, CBD is a full service bank that offers its customers a full range of retail and commercial banking services. With a network that includes 17 branches and 4 cash offices, the Bank covers all of UAE with 12 branches in Dubai and one each in Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah and Al Ain.