Commercial Bank of Dubai (CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than US$38 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets. It also figures in the Dubai Financial Market index.
History
Founded in 1969, by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum,[1] CBD started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, and evolved into a National Public shareholding company by 1982.[2] The bank’s major shareholders include Investment Corporation of Dubai (ICD), the principal investment arm of the Dubai Government and leading UAE national conglomerates and families.[3]