Top 5 private banks in UAE

The United Arab Emirates is one of the most rapidly developing countries in the world. In fact, the country demonstrates high results in such key areas as national industry, business sector and finances.

The Government of the UAE conducts a forward-looking policy of developing a national financial market. Special attention is devoted to the improvement of a private banking sector and digitization of the banking operations.

For many years now, the UAE banking institutions have held leading positions in the various local and international rankings. Such rankings were based on the numerous indicators, including the availability of the entire essential private banking services, the safety of financial transactions and quality of banking services.

In this overview, we would like to provide essential information on the best private banks in the United Arab Emirates.

As of today, all the UAE banking institutions offer private banking services. In general, all the banks are characterized by the high level of safety and reliability. However, each bank may deliver its services under different conditions.

Here is the list of TOP-5 banks which also offer private banking services in the United Arab Emirates:

Emirates NBD;
National Bank of Abu Dhabi;
Abu Dhabi Commercial Bank;
First Gulf Bank;
Dubai Islamic Bank.

Let us dwell on the main features of each bank individually.

Emirates NBD

Emirates NBD ranks first among all the UAE banking institutions. It is also deemed to be one of the most reliable and safe banks of the United Arab Emirates.

Emirates NBD offers the full range of private banking services in both Conventional and Islamic financial systems.

Clients of Emirates NBD may take advantage of all the private banking instruments both on the territory of the United Arab Emirates and abroad.

National Bank of Abu Dhabi

National Bank of Abu Dhabi (NBAD) is considered to be one of the best UAE banks in terms of delivering private banking services.

NBAD is an international banking institution that carries out its activities on the territory of more than 15 countries. The NBAD banking infrastructure includes numerous branch offices, ATMs and CDMs that are located both on the territory of the UAE and abroad.

Private clients of NBAD are provided with high-quality Conventional and Islamic banking products that can be used worldwide.

Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank is the large provider of the most various banking and financial products. The ADCB UAE-based public joint stock company offers private banking services in numerous areas, including banking services for larger companies, investments, fund management, etc.

The ADCB provides the full set of the entire essential private banking services to its clients in the UAE and abroad.

First Gulf Bank

First Gulf Bank PJSC was established in 1979. Nowadays, First Gulf Bank (FGB) provides its regular and private clients with various types of bank accounts, deposit programmes, loans, insurance facilities, etc.

Besides, FGB applies minimal compliance requirements to the individuals applying for private banking services.

Dubai Islamic Bank

Dubai Islamic Bank (DIB) is one of the oldest UAE banking institutions, which was formed in 1975. Besides, it is the first Islamic bank that provides the full range of banking services in the Islamic Banking system. Today, DIB is considered to be one of the most popular providers of the regular and private banking solutions.

Dubai Islamic Bank offers a specialized Wajaha Private Banking system, which gives free access to all the banking instruments and other related services. However, this service is available only under the condition of maintaining a minimum required the balance of AED 3,500,000 or for those receiving income of AED 150.000,- per month.

Dubai Islamic Bank facilities are fully Sharia-compliant and are offered under the most attractive conditions.

Conclusion on advantages of private banks in UAE

The United Arab Emirates is considered to be the world’s best provider of banking services. The UAE private banks are among the top leading banking institutions in the world.

The UAE private banking system offers the full range of all the necessary financial tools and banking services. Moreover, being a client of one of the best private banks in the UAE means enjoying the highest level of financial security alongside with free access to the most attractive banking offerings.

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