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ABU DHABI COMMERCIAL BANK LIMITED
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ABU DHABI COMMERCIAL BANK LIMITED Abu Dhabi commercial bank, simply known as ADCB is one of the largest banks in United Arab Emirates in terms of market capitalization and shareholder funds. The bank was established in 1985 through a merger of Emirates commercial bank, the federal commercial bank and the Khaleej commercial bank. The Abu Dhabi government owns sixty-five percent of the shares of the company through its investment arm, the Abu Dhabi Investment Authority (Bllomberg, 2011). The Abu Dhabi commercial bank is a public shareholding company under limited liability. The bank is listed in the Abu Dhabi stock exchange as a public joint stock company. The bank
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The bank has also continued tom enjoy increased profits through the years. For example, the company reported a profit of 0.8 billon AED dirham’s in 2004 and 1.36 billion United Arab Emirates dirhams in the year 2009 (Zughaini & Kabbani,2011). However, the company experienced a slump in profits due to the global financial crisis in 2008. The bank registered a loss of 142 million United Arab Emirates dirhams in the year 2008. The bank also experienced substantial losses in its investments due to its huge investments in the troubled Dubai world company, a Dubai conglomerate affected severely by the global financial crisis (Bloomberg, 2011). The Abu Dhabi commercial bank earnings per share have also been increasing considerably through the years. For example, the earnings per share were 6.4 percent in the year 2004. However, the earnings per share have decreased considerably from 6.4 percent in the year 2004 to 0.28 earnings per share in the year 2009. The reasons for the fall of the rate of earnings per share are the effects of the global financial crisis (Bloomberg, 2011). The bank has also enjoyed good returns over interest through the years. For example, the returns over interest were 16.1 percent in the year 2004, twenty seven percent in the year 2007 and twenty one percent in the year 2009. The Abu Dhabi commercial bank is also one of the banks

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