Commercial Bank Of Dubai History

Commercial Bank of Dubai (CBD) was established in 1969 by an Emiri Decree issued by His Highness, the late Sheikh Rashid bin Saeed Al Maktoum. The bank started out as a joint venture between Commerzbank, Chase Manhattan Bank, and the Commercial Bank of Kuwait, with a minority stake held by a few UAE businessmen.

In 1982, CBD reached a major milestone when it transformed into a national shareholding company, with a major operational restructuring and an increase in capital base. This represented a major turning point in the bank’s history, when the government of Dubai became a majority shareholder.

Over the decades, CBD has transformed into a progressive and modern banking institution. We are supported by a sturdy financial base led by a strong and stable management, as proven by our clients who have stood with us over the years.

Today, we are in a position to offer a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 15 branches and over 121 ATMs throughout the UAE.