Banks In UAE – Top 10 Bank List For Businesses & Small Startups

Top 10 Banks for Business in UAE

It is now much simpler to open an account in the business banks in UAE, and it is strongly advised for all businesses. But are you trying to find a safe way to save money while maintaining privacy? Local banks in Dubai don’t charge any fees to open bank accounts, similar to most banks in other nations. Each Bank, however, has its own minimum average monthly balance classifications. The following is a list of some of the top trusted banks in the UAE for business accounts.

Top 10 Business Banks List in UAE

1. First Abu Dhabi Bank

First AbuDhabi Bank

FAB, the largest Business bank in Dubai and one of the biggest and safest institutions in the world, offers a wide selection of tailored goods and services to give customers a unique experience. It seeks to fulfil clients’ banking needs throughout the globe through its strategic products and market-leading Corporate and Investment Banking and Personal Banking businesses.

One of the best advantages is FAB helps its customers return their debt and offers alternatives to settle their outstanding obligations while giving each request individualized attention.

2. Emirates NBD

Emirates NBD

On June 19, 1963, H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the charter of incorporation of the NBD, the first National Bank created in Dubai and the United Arab Emirates. Today, Emirates NBD is the top banking group in the MENAT area (UAE). In addition, the Emirates NBD bank is one of the top-ranking banks in the UAE.

They offer a wide range of stressless services, such as paperless branches, mobile banking, smart payments, and advanced technology. Above all, Emirates NBD has gained several prestigious honours over the years.

3. Abu Dhabi Commercial Bank (ADCB)

Abu Dhabi Commercial Bank (ADCB)

The Abu Dhabi Commercial Bank has its headquarters there. The Bank was established in 1985 due to the merging three banks, and the Abu Dhabi government owns 65% of it. The Bank offers financial services, retail banking, business banking, Islamic banking, and more through its numerous business areas.

Financial services and Islamic banking are provided through its multiple business areas. In addition, ADCB includes home loans, car loans, and personal loans as well.

4. Dubai Islamic Bank

Dubai Islamic Bank

In 1975, Dubai Islamic Bank was established. It was the first Islamic Bank to incorporate Islamic precepts into its banking procedures. The most prominent Islamic Bank in the United Arab Emirates is also included. The Bank’s main office is in Dubai. The first Islamic Bank serves as the global standard-bearer for financial services offered by other Shariah-compliant banks.

According to Shariah law, it encourages a diverse array of new goods. The Bank’s business divisions include treasury, real estate development, corporate banking, consumer banking, and more.

5. Union National Bank

Union National Bank

With its headquarters in Abu Dhabi, Union National Bank is a renowned local bank established in 1982. The governments of Abu Dhabi and Dubai own the Bank in tandem. The Bank features a Treasury and Investment Division and an International and Financial Institutions Division.

As a result, high-net-worth people, self-employed workers, salaried individuals, and commercial organizations in the UAE can use the Bank’s wide range of financial products and services. The Bank also has representative offices abroad in China, Egypt, Qatar, and Kuwait.

UNB takes pride in being referred to be your neighbourhood bank because of its minimal fees and reasonable rates. Allow UNB to demonstrate what traditional, client-focused hometown banking is all about.

6. Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank has 460 ATMs and 70 branches. It has public ownership. ADIB works hard to keep its commitments. In addition to managing its company to maximize value creation for its customers, shareholders, workers, and the communities in which it works, ADIB is dedicated to being a good corporate citizen. ADIB Bank personal loan starts from 3.44%, and ADIB card holders’ interest rate is 2.99%.

7. National Bank of Ras Al- Khaimah (RAKBANK)

National Bank of Ras AI-Khaimah

Ras Al-Khaimah National Bank, often known as RAKBANK, is a financial institution. The Bank was established in 1976 and had its headquarters in Ras Al-Khaimah, an emirate. 52.8 per cent of the Bank is owned by the Ras Al-Khaimah government.

The Bank offers retail and business services to UAE residents and companies. The Bank received the “SME Bank of the Year” award from the 2016 Arabian Business StartUp Awards and The Asian Banker’s “Best Internet Banking Product of the Year Award” for the Middle East.

8. National Bank of Fujairah

National Bank of Fujairah

National Bank of Fujairah, one of the most reputable corporate banks in the UAE, is widely known for its accolade-winning services, unmatched comprehension of regional markets, and an unshakable dedication to its clients. Banking with the National Bank of Fujairah makes sense from a business perspective, as it has been the UAE’s preferred Bank for more than 30 years.

9. Mashreq Bank

Mashreq Bank

This Bank is one of the growth-wise emerging banks in the region. This Bank has recently begun registering a solid market share in the UAE. Mashreq bank has 42 banks and 393 ATMs in Dubai.

Banking services include personal banking, corporate banking, business banking, international banking, Islamic brokerage (which means trading in Sharia-compliment financial products), and Mashreq gold. For their customers, the Personal loan interest rate starts from 2.99%.

10. Commercial Bank of Dubai (CBD)

Commercial Bank of Dubai (CBD)

CBD has evolved into a dynamic and contemporary financial organization throughout the years. As demonstrated by their clients who have remained with us over the years, they are supported by a solid financial foundation and managed by a competent and stable team.

They now provide various financial services to assist their clients in creating and managing their money. As a result, Commercial Bank of Dubai has significantly influenced UAE’s economic growth. Let us be your partner in achieving financial independence as a bank focused on the here and now, based on history, and is future-ready.