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.