the total assets of uae local commercial banks as of december 31, 2013

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Contact Details: 00962 7 9767 7418 [email protected] 2015 Tariq Al-Basha Financial Analyst BA (Hons) Business Management, Uni. of Greenwich, London - UK [THE TOTAL ASSETS OF UAE LOCAL COMMERICAL BANKS AS OF DECEMBER 31, 2013] The purpose and scope of this report is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information.

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Page 1: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Contact Details: 00962 7 9767 7418 – [email protected]

2015

Tariq Al-Basha – Financial Analyst BA (Hons) Business Management, Uni. of Greenwich, London - UK

[THE TOTAL ASSETS OF UAE LOCAL COMMERICAL

BANKS AS OF DECEMBER 31, 2013] The purpose and scope of this report is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information.

Page 2: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 2 of 8

Contents Abbreviations ................................................................................................................................................ 3

The Classification of the Banks in UAE .......................................................................................................... 4

Summary ....................................................................................................................................................... 5

Summary Table ............................................................................................................................................. 6

About the Author .......................................................................................................................................... 8

Page 3: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 3 of 8

Abbreviations

No. Bank Name Abbreviation

1 Abu Dhabi Commercial Bank ADCB

2 Arab Bank for Investment and Foreign Trade ARBIFT or Al Masraf

3 Bank of Sharjah P.S.C. BOS

4 Commercial Bank of Dubai CBD

5 Commercial Bank International CBI

6 Emirates NBD Bank Emirates NBD

7 First Gulf Bank FGB

8 InvestBank PLC IB

9 Mashreq Bank Mashreq

10 National Bank of Abu Dhabi NBAD

11 National Bank of Fujairah PSC BNF

12 National Bank of Umm Al Qaiwain PSC NBUQ

13 The National Bank of Ras Al-Khaimah PJSC RAKBANK

14 United Arab Bank PJSC UAB

15 Union National Bank UNB

Page 4: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 4 of 8

The Classification of the Banks in UAE Banks in UAE can be classified into two major categories, namely national banks and foreign

banks. Each of these categories is further divided into conventional banks and Islamic Banks.

There are 15 Emirati national conventional banks and 9 Emirati national Islamic banks.

However, there are some conventional banks that provide Islamic Banking products and

services.

Central Bank of the UAE

National Banks

Conventional Banks

Abu Dhabi Commercial

Bank

Arab Bank for Investment and Foreign Trade

Commercial Bank of Dubai

Commercial Bank

International

Emirates NBD Bank

First Gulf Bank

Mashreq Bank The National

Bank of Ras Al-Khaimah PJSC

United Arab Bank PJSC

Union National Bank

National Bank of Abu Dhabi

Bank of Sharjah

National Bank of Fujairah PSC

InvestBank PLC

National Bank of Umm Al

Qaiwain PSC

Islamic Banks

Abu Dhabi Islamic Bank

Al Hilal Bank

Dubai Bank Dubai Islamic

Bank PJSC

Emirates Islamic Bank

Noor Islamic Bank

Sharjah Islamic Bank

Dubai Islamic Bank

Ajman Bank P.J.S.C

Foreign Banks

Conventional Banks

Bank of Baroda Barclays Bank

Bank Saderat Iran

Citi Bank

Doha Bank Habib Bank A.G.

Zurich

HSBC Middle East Limited

Lloyds TSB Bank PLC

National Bank of Bahrain

National Bank of Oman

Standard Chartered Bank

Page 5: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 5 of 8

Summary This report includes only 14 out of 15 Emirati national conventional banks in which it

excludes Union National Bank as it could not obtain the necessary information about it to

include it in the study.

The total assets of the included 14 Emirati national conventional banks as of December 31,

2013 were AED 1,329,845,313,000.

There was a significant increase of the total assets of the included 14 Emirati national

conventional banks from AED 1,212,633,846,000 in 2012 to AED 1,329,845,313,000 in

2013 with a total increase of AED 117,211,467,000 or 9.67% in 2013.

By and large, Emirates NBD Bank kept being the largest banking group in Emirates in terms

of assets in 2013; followed by National Bank of Abu Dhabi in which both of them control

more than 50% of the assets’ market share in UAE.

However, Abu Dhabi Commercial Bank lost the third place in terms of assets to First Gulf

Bank that controls almost 15% of the assets’ market share in UAE.

Mashreq Bank, Commercial Bank of Dubai and the National Bank of Ras Al-Khaimah PJSC

increased their market share in assets in 2013. Whereas, Bank of Sharjah P.S.C.

maintained similar market share percentage of 2012.

United Arab Bank PJSC, National Bank of Fujairah PSC and Commercial Bank International

grew their market share in assets slightly in 2013. However, the three of them still control

less than 5% of the market of the included 14 Emirati national conventional banks in this

report.

While, Arab Bank for Investment and Foreign Trade, National Bank of Umm Al Qaiwain PSC

and InvestBank PLC lost some their market share in 2013 and still control less than 3% the

market of the included 14 Emirati national conventional banks in this report.

Page 6: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 6 of 8

Summary Table

No. Bank Name Total Assets as of

December 31, 2013 (AED)

Total Assets as of December 31, 2012

(AED)

Changes in Total Assets

2012/13

Market Share in 2013 (%)

Market Share in 2012 (%)

Changes in Market Share 2012/13 (%)

1 Emirates NBD 342,061,275,000 308,296,351,000 10.95% 25.72% 25.42% 0.30%

2 NBAD 325,061,656,000 300,599,169,000 8.14% 24.44% 24.79% -0.35%

3 FGB 195,032,370,000 175,033,609,000 11.43% 14.67% 14.43% 0.23%

4 ADCB 183,142,536,000 180,795,723,000 1.30% 13.77% 14.91% -1.14%

5 Mashreq 89,654,914,000 76,383,300,000 17.38% 6.74% 6.30% 0.44%

6 CBD 44,476,191,000 39,297,769,000 13.18% 3.34% 3.24% 0.10%

7 RAKBANK 30,126,769,000 27,250,137,000 10.56% 2.27% 2.25% 0.02%

8 BOS 24,972,508,000 22,832,688,000 9.37% 1.88% 1.88% -0.01%

9 UAB 21,549,756,000 15,615,867,000 38.00% 1.62% 1.29% 0.33%

10 NBF 21,455,399,000 17,544,616,000 22.29% 1.61% 1.45% 0.17%

11 CBI 14,814,659,000 12,739,343,000 16.29% 1.11% 1.05% 0.06%

12 Al Masraf 12,659,303,000 12,596,415,000 0.50% 0.95% 1.04% -0.09%

13 NBUQ 12,538,632,000 12,239,287,000 2.45% 0.94% 1.01% -0.07%

14 IB 12,299,345,000 11,409,572,000 7.80% 0.92% 0.94% -0.02%

Total 1,329,845,313,000 1,212,633,846,000

Page 7: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 7 of 8

26%

24%

15%

14%

7%

3%

2%

2% 2%

1% 1%

1%

1% 1%

The Market Share of UAE Local Banks' Total Assets as of December 31, 2013 (AED)

Emirates NBD

NBAD

FGB

ADCB

Mashreq

CBD

RAKBANK

BOS

UAB

NBF

CBI

Al Masraf

NBUQ

IB

Page 8: The Total Assets of UAE Local Commercial Banks as of December 31, 2013

The Total Assets of UAE Local Commercial Banks as of December 31, 2013

Page 8 of 8

About the Author

Awarded First Class Honours in Bachelor of Arts

(Honours) Business Management from the

University of Greenwich, London – UK.

Worked as a Project Finance Officer for a multi-

industry group for 1 year and 9 months.

Made previously several reports on the Jordanian

Banking Sector.