Investments
3Portfolio Exits
1Partners & Customers
10Latest Abu Dhabi Commercial Bank News
May 31, 2022
ADCB Egypt : Chooses Temenos for Next-Generation Digital Payments ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group the third largest bank in the UAE The bank will compose payments solutions to adopt new global standards such as ISO20022 and SWIFT GPI With Temenos, the bank will benefit from the agility and flexibility to process payments instantly from any channel Also, compose digital banking solutions with the latest core banking capabilities to streamline Tap into the growing customer demand for cross-border payments, offering instant and frictionless payments Global expertise combined with local market knowledge will support it as it continues to develop Tags:
Abu Dhabi Commercial Bank Investments
3 Investments
Abu Dhabi Commercial Bank has made 3 investments. Their latest investment was in Gunvor Group as part of their Line of Credit - VII on June 6, 2021.
Abu Dhabi Commercial Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/23/2021 | Line of Credit - VII | Gunvor Group | $830M | Yes | Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, ING Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities | 1 |
3/19/2020 | Loan | |||||
12/28/2017 | Loan |
Date | 6/23/2021 | 3/19/2020 | 12/28/2017 |
|---|---|---|---|
Round | Line of Credit - VII | Loan | Loan |
Company | Gunvor Group | ||
Amount | $830M | ||
New? | Yes | ||
Co-Investors | Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, ING Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities | ||
Sources | 1 |
Abu Dhabi Commercial Bank Portfolio Exits
1 Portfolio Exit
Abu Dhabi Commercial Bank has 1 portfolio exit. Their latest portfolio exit was Bank Muscat on April 29, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
4/29/2020 | Corporate Majority | 1 |
Date | 4/29/2020 |
|---|---|
Exit | Corporate Majority |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Abu Dhabi Commercial Bank Acquisitions
3 Acquisitions
Abu Dhabi Commercial Bank acquired 3 companies. Their latest acquisition was Abu Dhabi Finance on May 13, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/13/2021 | Acquired | 1 | ||||
1/29/2019 | ||||||
1/29/2019 |
Date | 5/13/2021 | 1/29/2019 | 1/29/2019 |
|---|---|---|---|
Investment Stage | |||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acquired | ||
Sources | 1 |
Abu Dhabi Commercial Bank Partners & Customers
10 Partners and customers
Abu Dhabi Commercial Bank has 10 strategic partners and customers. Abu Dhabi Commercial Bank recently partnered with Temenos on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/30/2022 | Vendor | Switzerland | 2 | ||
2/23/2022 | Partner | France | Accor, ADCB launch co-branded Visa credit card in UAE Arup Mukhopadhyay , Group Head Consumer Banking at Abu Dhabi Commercial Bank , said : `` This partnership between Abu Dhabi Commercial Bank and Accor unites two leading brands that share a common set of customer-centric values and an intense focus on delivering an unparalleled customer experience . | 1 | |
11/24/2021 | Client | United States | This partnership with Talisma Corporation has helped the bank provide an exceptional user experience by providing a Virtual Assistant solution which is available on WhatsApp channel to their customers . | 3 | |
12/7/2020 | Partner | ||||
10/11/2020 | Partner |
Date | 5/30/2022 | 2/23/2022 | 11/24/2021 | 12/7/2020 | 10/11/2020 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Client | Partner | Partner |
Business Partner | |||||
Country | Switzerland | France | United States | ||
News Snippet | Accor, ADCB launch co-branded Visa credit card in UAE Arup Mukhopadhyay , Group Head Consumer Banking at Abu Dhabi Commercial Bank , said : `` This partnership between Abu Dhabi Commercial Bank and Accor unites two leading brands that share a common set of customer-centric values and an intense focus on delivering an unparalleled customer experience . | This partnership with Talisma Corporation has helped the bank provide an exceptional user experience by providing a Virtual Assistant solution which is available on WhatsApp channel to their customers . | |||
Sources | 2 | 1 | 3 |
Abu Dhabi Commercial Bank Team
1 Team Member
Abu Dhabi Commercial Bank has 1 team member, including former Chief Executive Officer, Darayus Bajan.
Name | Work History | Title | Status |
|---|---|---|---|
Darayus Bajan | Chief Executive Officer | Former |
Name | Darayus Bajan |
|---|---|
Work History | |
Title | Chief Executive Officer |
Status | Former |
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