International banks in the UAE and Dubai

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banks in the uae

Dubai is the international trading hub located at the strategic place on the world business map. Since the world-class companies established their regional headquarters in Dubai, the city becomes the most valuable place for the multinational companies’ supply chain. Along with other industries, the international financial institutions also come into this country with the regional headquarters, the result for that, there are 27 international banks, in addition, 11 wholesale lending banks in the UAE.

Most of the international banks in the UAE come from the GCC and others from the United States, Europ, and some Indian banks are active in the markets. The international banks providing services through;

  1.  Direct lending: The banks have opened the branches and deal with the individuals or the institution for lending and they provide other general banking services.
  2. Wholesales lending: The lending bank work with the third-party to lend the fund to the customers. The lender will not deal with the individual or institution but a third party bank or credit union will deal with the customer and the fund will be received from the wholesales banker.

Almost all the multinational banks have established their head offices in Dubai and branches in other parts of the UAE. In another world, Dubai is not only for the business hub for international trade but also it is the regional financial hub for the gulf region.

Due to strong local economic growth and thriving market demand for finance, multinational financial institutions moved to Dubai.

Despite uncertainty about the Gulf economy and the lower oil prices in the world. The international banks expect slowing growth in 2020 and will start to bounce back as normal from 2021.

International banks in Dubai | Banks in the UAE

International banks in the UAE are headquartered in Dubai and Abu Dhabi, the most popular city in the United Arab Emirates.

SNBank NameHead officeBranches
1Banque MisrDubai5
2Credit Agricole - Corporate and Investment BankDubai2
3Bank of BarodaDubai6
4HSBC Bank Middle East Limited11Dubai8
5Arab African International BankDubai2
6Al Khaliji (France) S. A.Dubai4
7Al Ahli Bank of Kuwait1Dubai2
8Habib Bank LtdDubai8
9Habib Bank A.G ZurichDubai8
10Standard Chartered BankDubai6
11CitiBank N.A.Dubai7
12Bank Saderat IranDubai8
13Bank Meli IranDubai7
14Blom Bank FranceDubai2
15NATWEST MARKETS plcDubai1
16United Bank LtdDubai7
17Doha BankDubai2
18Samba Financial GroupDubai1
19National Bank of KuwaitDubai2
20National Bank of BahrainAbu Dhabi1
21Rafidain BankAbu Dhabi1
22Arab Bank PLCAbu Dhabi8
23El Nilein BankAbu Dhabi1
24DhabiNational Bank of OmanAbu Dhabi2
25BNP ParibasAbu Dhabi2
26DhabiJanata Bank LimitedAbu Dhabi4
27BOK International BankAbu Dhabi1
International-Wholesales lending banks
1Industrial & Commercial Bank of ChinaAbu Dhabi1
2DhabiDeutsche BankAbu Dhabi1
3MUFG Bank LtdAbu Dhabi1
4KEB Hana BankAbu Dhabi1
5Barclays Bank PLCDubai1
6DhabiBank of China LimitedAbu Dhabi1
7Gulf International BankAbu Dhabi1
8MCB Bank LimitedDubai1
9Intesa Sanpaolo S.P.AAbu Dhabi1
10Agricultural Bank of China LtdDubai1
11Bank Al Falah LimitedDubai1

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Hello, everyone, I am Ranga Singh the founder of closecareer.com. For the past 17yrs, I worked in aboard. Now, I have been researching the job market, especially in the Gulf region. The main purpose of the website is to give information, advice, and guidance to the people about the job, education visa and travel. I want to support young people for a happy and successful career.