Top 10 Banks in UAE of 2023

Discover financial excellence in the heart of the UAE.

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Our research spans from the high-rises of Abu Dhabi to the busy streets of Dubai, considering multiple factors like the largest bank by assets, customer experience, and even their coffee shops—because why not? Institutions like Abu Dhabi Commercial Bank and Emirates NBD are just the tip of the iceberg. Think again if you thought Mashreq Bank and Dubai Islamic Bank were left in the dust. Don’t discount lesser-known yet robust players like the National Bank of Fujairah or Union National Bank. We even peeked at international banks operating with a strong presence here and compared a wide range of products, from credit cards to Islamic banking services.

But don’t take our word as the gospel truth. We’ve gathered information from various sources, so you can make an informed decision for your everyday banking. Looking for business banking? Check. Investment banking? We got you. Whether in Abu Dhabi, Ras Al-Khaimah, or anywhere in between, FZBuddy has something for everyone. So, stick around for an enlightening read. You won’t regret it!

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Top 10 Banks in the UAE in 2023

If you’re playing the game of numbers, the banking sector in the UAE has some pretty eye-catching stats. The range of options is vast, from giants like Emirates NBD to those focusing on mobile banking services. But we won’t be going through a laundry list. Instead, we’re zeroing in on the creme-de-la-creme: Abu Dhabi Commercial Bank, Emirates NBD, and Mashreq Bank, among others. Stay tuned!

Abu Dhabi Commercial Bank

If you’re on the hunt for the best banks in the UAE, take a seat, friend—you can’t overlook Abu Dhabi Commercial Bank (ADCB). Nestled in the heart of Abu Dhabi, this banking corporation is far from being just another entity in the sector. Why? It’s the largest bank regarding assets, and that’s saying something. Now, let’s dive in and explore what makes ADCB the “it” place for your financial needs.

Products and Services

The range of products ADCB offers is like a buffet for your financial appetite, making it a preferred banking partner for individuals and organizations. From credit cards to personal loans, you’ve got choices that fit everyone from the corner store owner to high-net-worth individuals. The bank offers comprehensive financial solutions, including business banking, investment banking, and even Islamic banking services. Yeah, they’ve got your personal and business accounts covered.

International Presence

ADCB is not just an Emirati wonder. Nope, it has a robust international presence with operations extending from Ras Al-Khaimah to Hong Kong. When we say it’s a major player among international banks, we’re not just blowing smoke. It holds its own among the big dogs, including giants like Emirates NBD and Mashreq Bank.

And hey, if you’re a jet-setter, don’t sweat it—ADCB’s got special travel benefits. I mean, who wouldn’t want access to airport lounges while still enjoying the perks of excellent customer service?

Emirates NBD

Emirates NBD isn’t just another name on the long list of banks in the UAE. Nope, it’s one of the best banks in UAE and is almost as iconic as the Burj Khalifa in the Dubai skyline—well, in the banking sector, at least. Born from the merging of Emirates Bank International and the National Bank of Dubai in 2007, this financial behemoth has carved a niche as the largest bank in terms of assets. Yep, you heard it right—largest bank, folks! So, let’s get to know this titan a bit better, shall we?

Products and Services

Here’s where Emirates NBD really pulls away from the crowd. They offer a wide range of products, from the basic bank accounts for Joe and Jane Public to high-flying investment banking services for the Gordon Geckos of the world. Looking for credit cards? They’ve got a dazzling array of options that would make even a shopaholic dizzy. In the mood for some Islamic banking services?

International Presence

Emirates NBD isn’t a homebody; it likes to get out and see the world. With a robust presence in major financial hubs like London, Singapore, and even Hong Kong, this bank knows how to globalize. Unlike some national banks stuck in their local bubbles, Emirates NBD has rolled up its sleeves and delved into multinational banking regions like Saudi Arabia and other parts of the Middle East.

If you’re comparing apples to apples, Emirates NBD often stands shoulder to shoulder with other giants like Abu Dhabi Commercial Bank, Mashreq Bank, and Dubai Islamic Bank. Even regarding financial performance and assets, Emirates NBD has a comfortable seat at the big boys’ table.

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Mashreq Bank

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Ah, the quest for the best banks in UAE. The name “Mashreq Bank” often echoes in conversations ranging from late-night shawarma stand debates to ritzy business meetings in the tallest skyscrapers of Abu Dhabi. Mashreq Bank has been able to maintain a strong presence in the banking sector with a reputation built over five decades.

The bank, headquartered in Dubai, finds its roots back to 1967. Let’s face it; staying in business for that long, especially in a volatile market like the Middle East, is no joke. It’s like the Rolling Stones of banks—vintage but still rocking hard. According to sources, the bank’s weight in the industry is substantial, even when compared to behemoths like Abu Dhabi Commercial Bank and Emirates NBD.

Products and Services

If you’re the kind who fancies a wide range of products, then darling, you’re in for a treat. Mashreq offers a full suite, from personal loans and credit cards to investment banking and business banking solutions. Yeah, it’s a one-stop-shop for your financial needs.

International Presence

Don’t let its Arabian roots fool you. Mashreq Bank has expanded way beyond the dunes and skyscrapers of the UAE. With a robust presence in key financial markets, the bank has international banks quaking in their boots. Whether you’re closing deals in Hong Kong or sipping espresso in Italy, Mashreq’s services aren’t far behind.

In fact, according to sources, the bank has successfully pitted itself against the largest banks in regions beyond the UAE, including Saudi Arabia. While it’s not necessarily the largest bank, it has made significant strides in the international banking scene.

Dubai Islamic Bank

Ah, the United Arab Emirates—a playground for expatriates, a hub for oil, and let’s not forget, a hotbed of banking. When you’re talking about the best banks in UAE, you can’t sidestep the Dubai Islamic Bank (DIB). Born in the glamorous city of Dubai in 1975, this institution has garnered an impressive reputation. Let’s unravel the allure of this banking giant that somehow manages to be 60% serious, a smidge irreverent, and everything else in between.

Products and Services

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Okay, folks, DIB isn’t your run-of-the-mill bank. Nope. They offer a comprehensive range of Islamic banking services. You’ve got your everyday checking accounts, personal loans, and credit cards. But, let’s not overlook their corporate banking services and investment banking solutions either. Need a range of products to pick from? Well, DIB has you covered.

They’re like the Amazon of banking—tons of options, but with fewer cardboard boxes. Their services to individuals include personal banking services, and on the corporate side, you can access everything from asset management services to trade finance services. Aiming to be a robust presence in the banking sector, they’ve even dabbled in real estate.

International Presence

Ah, you thought DIB was just a local hero? Think again! They have a strong presence beyond the sandy landscapes of the UAE. They’ve planted their flags in countries from Saudi Arabia to Hong Kong. This isn’t just a one-trick camel, my friends.

DIB has developed a unique banking experience, offering digital platforms that rival international banks. They’ve been recognized not just in Abu Dhabi, but also in Ras Al-Khaimah and far beyond. In terms of assets, they’re not playing in the minor leagues. They’re the largest bank in the Islamic Bank category, folks. As such, expect convenient banking services from the best Islamic banking providers available.

Sure, competitors like Abu Dhabi Commercial Bank and Emirates NBD are great, but when it comes to a unique blend of traditional Islamic Banking and innovative solutions, DIB holds its ground. Their range of banking services, from retail banking to business banking solutions, is unmatched.

Abu Dhabi Islamic Bank

When it comes to the banking landscape in the United Arab Emirates, one name consistently pops up as a stalwart in the industry—Abu Dhabi Islamic Bank (ADIB). Established with a vision to be more than just a financial institution, ADIB prides itself on offering a unique blend of traditional Islamic banking practices and cutting-edge digital banking solutions. Seriously, if you’re looking for one of the best banks in UAE, you should have this one on your radar.

While other banks—like Emirates Islamic Bank and National Bank of Fujairah—each bring their unique strengths to the table, ADIB stands out for its extensive customer bases and approach to banking that’s as multifaceted as a Swiss Army knife.

Products and Services

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So what does ADIB offer? It’s not just about bank accounts or deposit accounts; they provide a broad range of services tailored to diverse needs. For the high-net-worth individuals, there’s a suite of investment banking services and personalized wealth management services. For the average Joe and Jane, services to individuals include personal banking services like current and savings accounts, personal finance facilities, and a range of credit cards with competitive interest rates.

International Presence

If you’re someone who travels frequently or has international business ties, listen up. ADIB isn’t confined to the borders of the UAE. It’s competing on a global scale with the likes of Standard Chartered Bank and Arab Bank. Its international operations offer a variety of attractive features like access to airport lounges and travel benefits.

With a focus on customer deposits and consumer banking in numerous countries, ADIB is spreading its wings and challenging the traditional boundaries of banking. This is not just a UAE-based bank; it’s an institution with global ambitions. And if customer reviews are anything to go by, they seem to be hitting the mark pretty well.

Commercial Bank of Dubai

When it comes to best banks in UAE, the Commercial Bank of Dubai (CBD) isn’t messing around. CBD has been a staple in the United Arab Emirates banking landscape for decades. On a scale of 1 to “Seriously, you should bank here,” CBD scores pretty high. It brings a mix of formal seriousness with just enough irreverence to make banking not feel like a chore.

Products and Services

CBD covers a full spectrum of services, from commercial banking services to retail banking. Ah yes, we can’t forget services to individuals. So, whether you’re a high-net-worth individual in need of sophisticated investment services, or an average Joe looking for a personal banking option, CBD has got you covered. They offer a range of services including deposit accounts, insurance products, and even attractive travel benefits, like access to airport lounges.

The bank excels in customer deposits and offers a wide range of credit cards that come with competitive interest rates. What sets CBD apart is their approach to banking. They have integrated digital transformation into their services, offering cutting-edge digital banking solutions. Their digital banking platform has a slick user interface, which means excellent customer service and much lesser maintenance fees for you.

International Presence

CBD has been flexing its financial muscles not just in the UAE but internationally. The bank has grown substantially over the years, giving traditional banks like the National Bank of Fujairah, Abu Dhabi Bank, and Emirates Islamic Bank a run for their money. Speaking of international muscle, CBD also competes fiercely with foreign banks like Standard Chartered Bank.

National Bank of Fujairah

Okay, let’s cut to the chase: if you’re scouring the market for the best banks in UAE, you’ve probably bumped into names like Emirates Islamic Bank, Abu Dhabi Bank, and Standard Chartered Bank. Solid choices, but allow me to throw another name into the mix: the National Bank of Fujairah (NBF). With a 4/5 rating and a reputation for excellent customer service, NBF isn’t just a fly-by-night operation; it’s a contender.

Products and Services

You might say, “A bank is a bank, right? They hold your money.” True, but it’s not just about stashing your cash in a vault. It’s about what the bank can do for you. NBF offers a range of services to individuals and businesses alike. From commercial banking to personal banking services, they’ve got you covered.

For those with a focus on the financial position of their enterprise, the bank provides various business accounts and financial solutions that are tailor-made to suit your needs. High-net-worth individuals also get the royal treatment with access to airport lounges and a myriad of other attractive features. From customer deposits to investment services, you’re essentially walking into a financial supermarket when you step into an NBF branch.

International Presence

But hey, what if you’re a global citizen or a business owner with interests spanning borders? Well, NBF doesn’t just chill in the cozy confines of the United Arab Emirates; it’s got an international footprint. A presence that allows you to effortlessly deal with trade finance services across continents. It’s more than a UAE-based bank; it’s a conduit to the world.

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Standard Chartered Bank

You’ve heard about the big guns like Emirates Islamic Bank and Abu Dhabi Bank, but don’t snub your nose at Standard Chartered just yet. This ain’t your grandma’s stodgy bank. It’s a global financial juggernaut, but let’s zero in on its presence among the best banks in UAE. Yeah, it’s British—got its roots in the colonial empire and all that jazz—but it’s got street cred in the Emirates. From customer deposits to a wide range of services, it stands its ground, okay?

Products and Services

The Standard Chartered buffet of financial solutions isn’t some microwaved leftover you’d find at 3 a.m. It’s gourmet. You’re looking at commercial banking services geared towards large businesses and institutions, and don’t get me started on their retail banking. It’s top-notch, targeting services to individuals and high-net-worth individuals. Do you dig a digital banking platform with an approach to banking that’s both cutting-edge and traditional? Check. From personal accounts to business accounts, they’ve got you covered like a Bedouin tent. Also, competitive interest rates? They’ve got that in spades.

International Presence

Now, if you’re the jet-setting type, listen up. Their reach isn’t limited to the United Arab Emirates. Oh no, this is a bank with tentacles. They’re like the Starbucks of banking—everywhere. Operating in about 59 countries, you’ll find them nestled between a National Bank of Fujairah and an Arab Bank in most financial districts. Travel benefits? Check. Access to airport lounges? Double-check. Trade finance services for those business owners who can’t keep their feet in one continent? Triple check.

Commercial Bank of Dubai

Ah, the Commercial Bank of Dubai (CBD). This isn’t some hipster CBD oil we’re talking about; it’s a serious financial institution. Established in 1969, this bad boy has been serving the United Arab Emirates with a sprinkle of charm and a dash of efficiency.

You’re looking for one of the best banks in UAE? Look no further. CBD isn’t just any bank; it’s the Swiss Army knife of banks in the UAE. Offering everything from personal banking services to business banking solutions, it’s got you covered like a warm blanket on a chilly desert night. Now, I’m not saying it’s the ‘Apple’ of banks, but let’s just say it’s working its way up the ladder.

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Products and Services

What’s on the menu, you ask? How about a delightful platter of financial solutions! They’ve got services to individuals, consumer banking, commercial banking services, and a host of investment services. Retail banking? Check. Business accounts? Double-check. High-net-worth individuals, you’re not left out—there’s institutional banking tailored just for you. And let’s not forget about the excellent customer service—because what’s a bank without some decent human interaction?

International Presence

The Commercial Bank of Dubai isn’t just playing in the sandbox; they’ve gone global. Now, they aren’t the National Bank of Fujairah or Abu Dhabi Bank when it comes to international reach, but they’re catching up. With tie-ups and correspondence arrangements, they’re stretching their arms from the Arab Bank to Standard Chartered Bank. They have a presence in African Bank and even the National Bank of Kuwait. Yes, you can take your CBD on the road with you!

Union National Bank

If you’re out to hop on the financial express in the United Arab Emirates, then Union National Bank (UNB) is a name that should be at the top of your list. Part of the best banks in UAE, this one’s been the go-to financial partner for consumers and businesses alike. It’s like the James Bond of the UAE’s banking landscape, classic but with modern capabilities.

Products and Services

In terms of commercial banking, the bank offers a smorgasbord of financial solutions that even Gordon Ramsay couldn’t fault. We’re talking business accounts designed to cater to businesses big and small, with excellent customer service to boot. Additionally, Union National Bank doesn’t skimp when it comes to services to individuals. Their consumer banking realm is packed with options, from deposit accounts to a diverse range of services aimed at high-net-worth individuals.

But wait, there’s more! For the digitally savvy, the bank has invested in cutting-edge digital banking platforms that are as robust as a strong cup of Turkish coffee. So whether you’re in for personal banking services or eyeing institutional banking, they’ve got your back.

International Presence

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If you thought UNB was just a big fish in a small pond, think again. This UAE-based bank has dipped its toes into international waters, rubbing shoulders with Standard Chartered Bank and National Bank of Fujairah in the process. And if you are one to frequent airport lounges, you’d be pleased to know that the bank provides access to airport lounges worldwide as part of its travel benefits.

Emirates Islamic Bank

So, you’re after the best banks in UAE, and you’ve stumbled across Emirates Islamic Bank. Let’s not beat around the bush. In the financial landscape of the United Arab Emirates, this bank is a juggernaut—established in 2004, they’ve been dealing with Dirhams before you could spell “financial solutions.” Rooted in Islamic principles, it’s an attractive option for those looking to balance modern banking needs with traditional values. Not too shabby, eh?

Products and Services

Alright, what’s on the menu? Emirates Islamic Bank boasts a wide range of services tailored to fit just about anyone—from high-net-worth individuals to businesses hunting for digital banking platforms. The personal banking services are quite a smorgasbord: bank accounts, customer deposits, and services to individuals. But wait, there’s more. The business accounts offer robust business banking solutions, offering trade finance services and more. Whether you’re an individual or a business owner, they’ve got something that’ll tickle your financial fancy.

International Presence

Let’s talk big league. Not content with conquering the local market, Emirates Islamic Bank has its eyes on the international stage. While not as omnipresent as the National Bank of Fujairah or the Abu Dhabi Bank, it’s steadily gaining traction. In the arena of customer reviews, the bank has been praised for its excellent customer service and sound risk management practices. So if you’ve got overseas ambitions, this might be your banking option.

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Criteria for Selection: Evaluating the Best Banks in UAE

After all, in the modern-day labyrinth that is the financial world, finding the best banks in UAE can be like searching for a needle in a haystack. Fret not, we’ve got you covered. So how does one pick the best bank? Let’s break it down.

Customer Service

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Customer service is the bread and butter of any good bank. Remember, it’s not just about storing your money; it’s about having a team that answers your frantic calls when you mistakenly send a wire transfer to Timbuktu. Abu Dhabi Bank and Emirates Bank International are often lauded for their proactive customer service teams. You want a bank that’s going to treat you like the VIP you think you are in your head.

Online Banking Features

In this digital age, if your bank’s website looks like it was made in 1998, run. Digital Banking Services should be sleek, intuitive, and offer a range of features from transferring money to checking financial performance. UAE-based banks like Arab Bank and Sharjah Islamic Bank have been riding the wave of digital transformation to offer some truly innovative solutions.

Loan and Credit Offers

Looking to buy that dream house or splurge on a mid-life crisis sports car? Your bank should be able to back you up. With players like National Bank of Abu Dhabi and Saudi National Bank in the arena, you can expect competitive loan and credit offers. Pay attention to interest rates, or as they fancily call them in the world of Islamic banking, profit rates.

Security Measures

Okay, let’s get a bit serious. The increasing number of banking crises worldwide demands robust security measures. And let’s be honest, having a secure bank gives you those warm, fuzzy feelings of safety. Institutions like Qatar National Bank and Arab Bank have been praised for their sound risk management practices. So yes, look for a bank that takes your security as seriously as a cat takes its nap time.

Overall Reputation

You wouldn’t marry someone without checking out their background, right? The same goes for picking a bank. A bank’s overall reputation in the financial services sector can give you a clear picture of what to expect. Whether it’s personal banking services or institutional banking, the likes of Arabian Bank and National Bank of Kuwait have established a robust presence in the market.


Finding the best banks in the UAE involves a bit of homework, a dash of introspection, and a sprinkle of rational thinking. And it doesn’t hurt to do some snooping around customer deposits and maintenance fee structures either. So whether you’re into consumer banking, corporate banking, or even merchant banking, the United Arab Emirates has a plethora of options that offer effective banking solutions and attractive features.


FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.

  1. Home | The Official Portal of the UAE Government. (n.d.).
  2. DIFC (Dubai International Financial Centre). (n.d.). DIFC | Home. DIFC.

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