List of the largest UAE banks in 2025

Relocating to the United Arab Emirates not only presents new business opportunities but also brings forth numerous financial questions. How can a resident or non-resident open a bank account in Dubai?

List of the largest UAE banks in 2025

List of the largest UAE banks in 2025

Top Banks in the UAE for 2024

Relocating to the United Arab Emirates not only presents new business opportunities but also brings forth numerous financial questions. How can a resident or non-resident open a bank account in Dubai? What factors should be considered when choosing a reliable bank? What services do financial institutions offer? These are important concerns for many entrepreneurs and expatriates. In this article, we will review the leading banks in the UAE in 2024, helping you make an informed decision and ensuring a smoother transition to your new life in the Emirates.

All banks and financial entities in the UAE are regulated by the Central Bank of the UAE. The country has 23 local and 26 international banks, with the top five generating approximately 60% of the total banking revenue, underscoring their significant influence in the financial landscape.

Among these institutions, several offer Islamic financial services to both citizens and foreign residents, with Islamic banks representing around 20% of the total number of bank branches across the country.

The UAE’s financial system is renowned for its reliability and meticulous regulatory standards, making it a benchmark of stability.

The Financial Environment of the UAE

Emirates NBD

Emirates NBD stands as one of the foremost banking groups in the Middle East, employing around 14,000 individuals and boasting 200 branches across the UAE. In 2016, the bank was ranked number one on the list of the world’s 500 best banks.
The bank is known for its solid financial performance and has received numerous accolades for its innovations and commitment to sustainable development, solidifying its position as a premier financial institution.

Emirates NBD clients enjoy benefits such as:

• Access to various types of accounts: current, savings, and investment.
• The option to obtain debit, credit, and salary cards.
• Availability of multiple loan types and consumer credit.
• Cryptocurrency-related services.
• A mobile app for seamless financial management.

First Abu Dhabi Bank (FAB)

FAB was the first bank in the UAE to receive recognition from Global Finance as the safest financial institution in the country. It operates 73 branches and over 500 ATMs nationwide.
Customers are particularly drawn to:

• Customized loan terms starting at an interest rate of 1.62%, with a minimum monthly income of AED 7,000 required for loan eligibility.
• A wide selection of 19 credit cards, offering an interest rate of 3.25% for those with a minimum monthly income of AED 5,000.
• The FAB Accelerator loyalty program, available to clients with a monthly turnover above AED 15,000, which rewards points, cashback, and travel miles.

Mashreq Bank

Founded in 1967, Mashreq Bank is the UAE's oldest bank, headquartered in Dubai.
The bank has significantly improved customer service by integrating mobile banking solutions, allowing clients to transfer funds to over 20 countries. It offers a diverse range of financial products for both UAE citizens and expatriates.

Why opening an account with Mashreq Bank is advantageous:

• Its mortgage and personal loan solutions consistently rank among the top options in the UAE.
• A variety of banking services specifically tailored to expatriates.
• Mashreq's cutting-edge digital services have helped it become a leader in the market.

Dubai Islamic Bank (DIB)

Dubai Islamic Bank is the first institution in the UAE to offer banking services and products aligned with Sharia law. The bank enjoys a long-standing reputation built on ethical and responsible banking practices.

DIB offers a broad range of Islamic banking services:

• Personal finance products including cost-based financing and leasing options;
• Sharia-compliant business finance, such as Islamic bonds and trade financing;
• Islamic asset management and investment services.

Abu Dhabi Commercial Bank (ADCB)

ADCB specializes in providing financial services to corporate clients, particularly those in medium and large businesses. The bank also supports startups and growing companies by offering flexible solutions designed to foster business growth.

Advantages include:

• Excellent service for corporate clients.
• Banking solutions tailored to expatriates, including free international money transfers and preferential loan rates.
• Financing programs and support for emerging businesses.
• A broad spectrum of financial products targeted at the business sector.

Why Opening a Bank Account in the UAE is Beneficial

Opening a Corporate Account in the UAE with StableGrowz

One of the standout features of the UAE banking system is the absence of income taxes for individuals and corporations (with certain industry exceptions). This tax-friendly environment makes banking in the UAE especially appealing. The country's leading banks are globally recognized and among the largest in the world.

Benefits of banking in the UAE include:

1. Exceptional privacy and asset protection. Opening an account in a UAE bank ensures the safety of your finances, mitigates external risks, and provides a secure way to manage your wealth.
2. A broad array of financial services. Clients can open personal, corporate, and specialized accounts. Mortgage loans, business financing, personal loans, and insurance services are also widely available.
3. Convenience for expatriates. UAE banks offer tailored packages for foreign nationals, such as multi-currency accounts and international money transfer services. Whether transferring funds to Europe, Asia, or the Americas, clients benefit from quick and secure transactions.
4. High liquidity and capitalization. These attributes confirm the reliability of the banking system and the security of your deposits.
5. Regulatory transparency. All financial institutions are carefully regulated by the Central Bank of the UAE, ensuring clear and secure business practices.

Ready to open a personal or business account in Dubai without the hassle? Get in touch with us! We will assist you in navigating every detail of the account-opening process and offer support at each step of our partnership. Seize the opportunity to take full advantage of all the financial benefits the UAE system provides!

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