Sunday, February 8, 2015

Commercial Bank Of Dubai: Providing Excellent Service Since 1969

It was 46 years ago when one of Dubai's most successful banks today was born. It credits its success to "pure grit and determination." To date, it is one of the banks having a network of branches all over UAE with a wide array of products and services that can compete with any other financial institution in the banking industry.

The History

In the beginning, Commercial Bank of Dubai was a joint venture of Commercial Bank of Kuwait, Chase Manhattan Bank, and Commerzbank. There was only a minority share held by a limited number of UAE businessmen. The year was 1969 and the founder of Modern Dubai, His Highness the late Sheikh Rashid Bin Saeed Al Maktoum, issued an Emiri Decree that would lay the foundations of the bank as it is to be known today.

The bank saw more success when it became a National Public Shareholding company in n1982. It was gaining such growth that the Government of Dubai became one of its key shareholders. Throughout the years, it developed into a modern and progressive banking institution with loyal clients and excellently performing management as well as firm financial base.

Personal Banking and Commercial/Corporate Banking Offer

The Commercial Bank of Dubai offers two categories of banking service. The first is personal banking where customers or clients can open an account with the bank, apply for credit cards, or apply for a loan. They are equipped with modern facilities such that their customers can track their banking status online through the bank's Facebook branch, online banking, mobile banking, SMS banking, and many more.

The second category is commercial and corporate banking where the bank is set to assist large corporate and government entities with their banking needs. They offer such solutions as overdraft facilities, term loans, contract financing, working capital loans, bill discounting facilities, contracting and construction as well as asset-based financing facilities, and trust receipt facilities in order for the bank's corporate clients to take full advantage of its potentials. This is made possible with the bank's team of experts, which includes product specialists in the fields of payments, debt finance, treasury and finance service, and cash management.

Corporate Social Responsibility

While working on its thrust of creating greater financial and social prosperity for UAE and its people, the bank also pays attention to its corporate social responsibility. It assures the citizens of UAE that it takes full responsibility for the effects of the banking business it undertakes on the financial, environmental, and social arena as well as on the human capital. It endeavors to comply with ethical banking practices as well as to comply with all the local regulatory as well as international guidelines in relation to social accountability as contained in their Mission and Vision statements.

To find more reasons why you should choose CBD as your bank, read this post.

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