Commercial Bank of Dubai was established in 1969, as a Public Shareholding Company by an Emiri Decree issued by His Highness the late Sheikh Rashid bin Saeed Al Maktoum, the founder of modern Dubai.  The Bank was then owned by Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, with UAE businessmen holding a minority stake. It was initially capitalized at a mere 10 million Qatar and Dubai Riyals.

In 1982, the Bank reached a major milestone, in its development when it transformed into a National Public Shareholding Company, with major operational restructuring and increase in capital base. This represented a major turning point in the Bank's history when the Government of Dubai became a major shareholder holding 20% of the bank’s shares.

Over the last 4 decades, CBD has developed into a progressive and successful leading banking institution in the United Arab Emirates offering a full range of retail, corporate and commercial banking services. It is endowed with a strong financial structure and management, as well as a loyal and ever-increasing customer base. The Bank now employs 1135 qualified and committed employees with approximately 40% of UAE nationals making it one of the banks with the highest percentage of nationals in the UAE. CBD remains to be an employer of choice, placing employee satisfaction at the top of management’s agenda and frequently conducting employee satisfaction surveys which have led to implementation of action tracks for improvement where needed. At this juncture, CBD is the first bank in the region to receive a certification from International Social Accountability Standard (SA 8000) which underlines its commitment to the society to be recognized for its ethical banking practices.

The Bank has expanded its network by opening news Branches in Dubai Marina, Al Quoz and Umm Suqeim. To widen its reach in the UAE to serve its customers, CBD now has a network of 25 conventional branches, 3 Cash Offices, 5 Islamic Branches, 23 Islamic Centres, 164 ATMs and 40 Cheque Deposit Machines spread across the UAE. Commercial Bank of Dubai also has 2 subsidiaries namely CBD Financial Services & Attijari Al Islami – Islamic Banking Department.

For more information, please visit www.cbd.ae