Dhabi Islamic Bank -Egypt (ADIB-Egypt) is an award-winning bank that started its operations in Egypt after the acquisition of the National Bank for Development (NBD), through the Emirati consortium between Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007.
Following the acquisition, the paid-up capital doubled almost seven-fold, increased from EGP 281Mn to EGP 2Bn and EGP 4Bn authorized capital. ADIB-Egypt posted EGP 1,228 million net profit end of 2019, which represents a 44% increase compared to year 2018.
The Bank focuses on offering a broad spectrum of Shari’a compliant banking solutions, to cater to the needs of corporate and retail customers, the development of a state-of-the art infrastructure, and revamping its 70 branch network. In addition, it has established an Investment Banking arm, ADIB Capital, ADILease a leasing company, and ADIB Invest an assets management arm.
Confirming its growing position in the banking sector, ADIB-Egypt was awarded: “Best Islamic Financial Institution in Egypt” by Global Finance Magazine, “The Innovators in Islamic Finance” by Global Finance Magazine, “Islamic Bank of the Year” by The Banker Magazine, and “Best Islamic Bank 2019 in Egypt” by Islamic Finance News Magazine .
