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Abu Dhabi Commercial Bank - ADCB
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ADCB Owed Total of $2.7 Billion by All Dubai World Entities (Bloomberg - 31/01/2010)

Abu Dhabi Commercial Bank PJSC, the third-largest bank in the United Arab Emirates, has about $2.7 billion in outstanding loans to Dubai World entities, including those that aren’t affected by the company’s restructuring. “This includes commitments to
ADCB tops list of Dubai World’s creditors (The National - 30/01/2010)

Abu Dhabi Commercial Bank (ADCB) has disclosed the biggest exposure yet to Dubai World among local lenders as the conglomerate seeks to restructure as much as US$22 billion (Dh80.8bn) of debt. The emirate’s third-largest bank has about Dh9bn in
ADCB in Red on Bad Debt Provisions (Khaleej Times - 27/01/2010)

Abu Dhabi Commercial Bank, UAE’s third largest bank by assets, has reported a net loss of Dh513 million in 2009, on account of large provisions made in the fourth quarter, in what its chairman called a difficult year. In the year 2008, the
Abu Dhabi Commercial Loss Widens as Provisions Double (Update2) (Bloomberg - 27/01/2010)

Abu Dhabi Commercial Bank PJSC, the United Arab Emirates’s third-biggest bank by assets, said its fourth-quarter loss widened after more than doubling provisions for bad loans. The net loss totalled 1.2 billion dirhams ($330 million), compared with a
Banks dropping mortgage rates to meet market needs (Business 24|7 - 21/01/2010)

In light of the market situation, some banks are dropping their mortgage interest rates and their settlement charges for this year. Abu Dhabi Commercial Bank (ADCB) dropped its interest rate to range between 7.25 per cent and 8.75 per cent. "In view of
ADCB appoints new head of government relations (Reuters - 12/01/2010)

Abu Dhabi Commercial Bank (ADCB) said on Monday it appointed Abdullah Khalifa Al?Suwaidi as executive vice president and head of government relations. Al?Suwaidi who comes with 11 years experience in banking will also be responsible for directing Abu
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