Commercial Bank of Dubai
When the Commercial Bank of Dubai opened in 1969 the start was not much more than a dream formed by a collective determination to help build this country.
It began with the vision of the founder of Dubai, His Highness, the Late Sheikh Rashid Bin Saeed Al Maktoum who focused on investing in his people and building Dubai into a modern metropolis. Among his plans, was an official decree that laid the groundwork for the Commercial Bank of Dubai.
The initial banking project was a joint venture between Commerzbank, Chase Manhattan Bank, and the Commercial Bank of Kuwait with minority stakes held by a few UAE businessmen. The decree that established the Commercial Bank of Dubai was issued prior to UAE’s establishment as a country. With the joint venture, CBD began its remarkable story as a bank that grew and prospered along with the growth of the UAE.
Over the years, the capital base of the bank expanded, providing an opportunity to launch a massive restructuring campaign. Importantly in 1982 the Government of Dubai, became a key shareholder in our operations and CBD had evolved into a National Public Shareholding Company.
A dynamic team, disciplined management and a loyal customer base have helped to make CBD’s growth story a success. An extensive branch network across the UAE is re-known for security, professionalism, and dedication to our customers. A laser focus on client needs coupled with a drive for innovation has enabled CBD to provide UAE’s first digital only bank. CBD continues to grow and remains at the forefront of banking innovation to make banking even simpler, smarter and more personalized for our customers.
CBD is looking towards the future, grounded in the past, and focused, as always, on the here and now with our customers: Together Now