Commercial Banks

Banks in the UAE are divided into two major categories:

  • Locally Incorporated Banks - these are public shareholding companies licensed in accordance with provisions of Union Law No. (10) of 1980.
  • Branches of Foreign Banks which have obtained Central Bank's licenses to operate in the country as per provisions of the said Law.

Historically, national banks (with majority national shareholding) and foreign banks existed prior to the establishment of the former Currency Board and, hence, before the Central Bank was created and commenced its operations. Within such historical circumstances the number of banks and their branches in the country and abroad increased very rapidly on obvious disproportion with the capacity of the local market, hence, provoking the monetary authority at that time to withhold issuance of licenses to any new bank and set about reducing the number of branches of a foreign bank to a maximum of eight branches.

List of Wholesale Banks and Distribution of their branches in the UAE as at 7/31/2019

List of National Banks & Distribution of their branches in the UAE as at 7/31/2019

LIST OF FOREIGN BANKS AND DISTRIBUTION OF THEIR BRANCHES IN THE UAE as at 31-07-2019

List of Wholesale Banks and Distribution of their branches in the UAE as at 6/30/2019

List of National Banks & Distribution of their branches in the UAE as at 6/30/2019

LIST OF FOREIGN BANKS AND DISTRIBUTION OF THEIR BRANCHES IN THE UAE as at 30-06-2019

List of Wholesale Banks and Distribution of their branches in the UAE as at 30-4-2019

List of National Banks & Distribution of their branches in the UAE as at 30-4-2019

List of Foreign Banks & Distribution of their branches in the UAE as at 30-4-2019

List of Local Banks and their branches by Emirates