the total assets of uae local commercial banks as of december 31, 2013
TRANSCRIPT
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.
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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Contents Abbreviations ................................................................................................................................................ 3
The Classification of the Banks in UAE .......................................................................................................... 4
Summary ....................................................................................................................................................... 5
Summary Table ............................................................................................................................................. 6
About the Author .......................................................................................................................................... 8
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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.
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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
The Total Assets of UAE Local Commercial Banks as of December 31, 2013
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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.