Saturday, August 29, 2009

Bank ProfileIn 1969, when Commercial Bank of Dubai (CBD) started out as a Public Shareholding Company little did was know that sheer grit and determination would get us where they are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Sayeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. They started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.By 1982, little more than a decade later, CBD evolved into a National Public shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.Over the decades, CBD have transformed into a progressive and modern banking institution. It is supported by a sturdy financial base and reigned by a strong, stable management. The proof of which lies with there customers who have stood by us over the yearsIn 2007, Commercial Bank of Dubai reported a record net profit of 936 million and total assets totaling a whooping AED 30.4 billion. An achievement impossible if not for our ever increasing and forever loyal customer base.Today, they are in a position to offer you a range of retail and commercial banking products and services at par with any other bank in the industry. And a banking experience better than the best. With a network of 26 branches , we cover all of UAE. In the future, we aspire to take on the financial services industry head on so as to be able to meet your expectations of better interest rates, new services, easier access and better technology.[edit] Board of DirectorsH.E. Ahmed Humaid Al Tayer - Chairman H.E Saeed Ahmed Ghobash - Deputy Chairman H.E. Saeed Mohammed Al Ghandi - Deputy Chairman Mr. Khaled Abdul Wahed Al Rostamani - Director Mr. Abdul Rehman Saif Al Ghurair - Director Mr. Saeed Mohammed Al Mulla - Director Mr. Abdulla Saif Al; Habthoor- Director Mr. Omar Abdulla Al Futtaim - Director[edit] Financial Highlights (AED 000's)Years 2004 2005 2006 2007 Profit for the year 351,111 550,839 601,372 935,917 Total Assets 10,569,883 15,284,022 18,704,778 30,436,017 Loans & Advances 7,516,131 9,342,851 12,642,569 20,777,094 Customers' Deposits 7,477,864 10,635,789 13,755,671 21,176,937 Share-holders' Equity 2,070,931 2,821,338 3,810,092 4,758,898[edit] ServicesRetail BankingAt CBD it mean business. Banking business. No wonder, they bring you a wide array of door-to-door services that make banking a pleasurable and very easy experience. From accounts, deposits, loans to saving plans, we have a million schemes tailor-made for your unique needs.Retail Banking ProductsAccounts ~ Current Account ~ Savings Account Shahrazade Deposits ~ Fixed Deposit ~ Flexi Deposit Loans ~ Mortgage Loans ~ Personal Loans ~ Tam-Wheel (Car loan) ~ Tasaheel (Overdraft) Saving Schemes ~ Mustaqbali (Child savings plan) ~ Zawaj (Marriage savings plan) Cards ~ e-Tijari Web Card ~ Debit Card ~ Mustaqbali Card ~ Attijari Card ~ e-Dirham ~ Rateb card Corporate BankingIn pursuit of aim of becoming a leading financial institution in the UAE, CBD has achieved tremendous growth and increased its market share through various initiatives and priorities.CBD focus has always been centered on meeting the highest levels of customer expectation and matching best business practices, whilst building long-term relationships with there customers. CBD Corporate Banking has been our most successful core activity and strength and a major contributor to the achievement of there objectives.CBD is proud of its long-standing reputation as a customer-focused bank and has built a broad base of clients including large corporations, government entities, medium sized commercial customers and small businesses. This wealth of experience means that we understand how to make a complex financial world easy to navigate for our customers, in order for them to materialize most of opportunities in the rapidly growing market of UAE.CBD Corporate Banking caters for the different financial requirements of our broad range of customers, to help them meet their specific business requirements - so whether if you are a large corporate organization or a medium sized commercial establishment, they have the expertise available to meet your particular financial needs. A team of highly qualified Relationship Managers, backed up by a broad range of sophisticated financial solutions, strong operations support and advanced technology, enables us to understand your particular financial aspirations and focus on helping you to achieve them in the most efficient and cost-effective way.So whether you are looking for working capital, term loans, trade finance products, syndicated loans, capital markets issues, Islamic financing products, treasury products or cash management solutions, you can be sure that we have the tools and experience to help you achieve your goals. Corporate Banking ProductsCommercial Banking Transaction Banking Debt Capital Markets Financial Institutions Trade Services Treasury Credit Cards ~ Mastercard ~ Visa Gold Card ~ Visa Classic Card ~ Tijari Points Foreign Exchange Money Transfer Wealth ManagementOnline BankingIt's time to keep pace with the times. Be it the internet, the phone or the mobile, CBD offer banking that is a fingertip away. So that life goes on and we keep pace.- Phone Banking - SMS Banking - e-statement


Post a Comment