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Monday, August 22, 2011

Commercial Banks in UAE and Free Online Services

Commercial Banks in UAE Free Online Service
How many banks and branches in Dubai and UAE? 2012 and 2013
how to check account balance in abu dhabi commercial bank

Commercial Banks in UAE Free Online Service
how to check account balance in abu dhabi commercial bank

Number of banks in UAE is 52 at end of 2009, unchanged from 2008 (24 UAE banks, and 28 foreign banks).
  • Number of bank branches in the UAE increased by 10% in 2009 from 860 to 948 (includes head offices, banking service units, branches, etc) - from UAE Central Bank data report.
  • Number of ATMs in the UAE increased 48% from 2,420 at end of 2008 to 3,599 by the end of 2009.
  • Abu Dhabi Islamic Bank (ADIB) branches up from 44 to 52, and ATMs from 116 to 204 in 2009. Target for 2010 is 70 branches (comments by ADIB CEO, Tirad Mahmoud, reported on 25 February 2010 in Emirates Business 24-7).
  • RAK Bank opened 2 new branches and 12 ATMs in 2009 (comments by Graham Honeybill, General Manager of RAKBank in same report).
New UAE Central Bank maximum limits on fees and loans - update 28 February 2011
Regulations Regarding Bank Loans & Other Services Offered to Individual Customers - published by the UAE Central Bank (dated 23 February 2011 but not released until 28 February 2011?).
The UAE Central Bank issued a statement detailing new borrowing limits and caps on fees charged by banks in the UAE. According to the document, "These regulations shall be published in the Official Gazette in both Arabic and English, and shall come into effect one month after date of its publication," but publication date was not supplied. The new rules replace Circular No 12/93 dated 23/2/1993, Central Bank clarifications ref. DMM/1263/93 dated 6/7/1993, and any other related notices except for Notice No 1850/2004 dated 14/6/2004 regarding Armed Forces Personnel. Some details of the new fee limits are:
  • Personal loans allowed up to a maximum of 20x the monthly salary of the borrower.
  • Maximum repayment period allowed for personal loans is 48 months (4 years).
  • Car loan maximum of 80% of the value of the vehicle, with maximum repayment period of 60 months (5 years).
  • Overall total limit on monthly repayments is 50% of a borrowers net income including salary and any other revenue. This includes personal loans, credit card repayments, home mortgages, car loans, any other financing.
  • Credit cards to be issued only to customers earning a monthly salary of at least AED 5,000 (annual salary of AED 60,000), or "against a pledged deposit" of at least AED 60,000.
  • Account opening fees - nil.
  • Minimum balance - maximum of AED 3,000.
  • Account balance below minimum account balance - AED 25.
  • Standing order setup - maximum fee 50 dhs.
  • Standing order payment dishonoured - 25 dhs fee.
  • New chequebook - maximum 25 dhs (first one free?).
  • Bank check issue fee (Manager's Cheque) - 30 dirhams.
  • Bounced check fee - AED 100? But no charge if bouncing a cheque written to your self ("deposited in own account")?
  • Account Balance Letter - AED 50.
  • No Liability Certificate - AED 100.
  • Release Letter - AED 50.
  • Dormant Account charge - nil ("without fees").
  • Teller fees - AED 10 per transaction but first 6 per month should be free.
  • Pin code replacement fee AED 25.
  • Account closing fee AED 100 (but only if bank account closed within 1 year of opening, unknown if any fee after 1 year or how much).
  • Utility bill payments at teller - AED 10 per bill.
  • Foreign currency transactions processing fee - 2% of the amount (unclear if maximum or fixed).
As of end February 2011, the UAE has 23 local and 28 foreign banks (total 51 banks). Total value of outstanding personal loans rose 3.9% in 2010 to AED 247 billion dirhams ($67 billion). Personal loans made up 24% overall loan amount (which implies a figure of AED 1,030 billion (AED 1.03 trillion) (Bloomberg 28 February 2011).

PDF download of new Central Bank rules and fees at www.centralbank.ae/en/pdf/notices/RegulationsRegardingBankLoans.pdf.

Address and Phone numbers of Majer Banks in UAE
Bank Telephone
[+971]
Address
ABN-AMRO Bank NV 04 351 2200 Po Box 2567, Khaleed Bin Waleed Street
Abu Dhabi Commercial Bank Ltd. 04 2958888 Al Reqqa Street, Dubai
Al Ahli Bank of Kuwait 04 222 4175
04 2681118
PO Box 1719, Abu Baker Al Siddique St., Diera
American Express Bank Ltd 04 3975000 Hermitage Building - Ground Floor, Zabeel Road - Karama. Next to the General Post Office
ANZ Grindlays Bank PLC 04 5088222
04 3518741
Australia and New Zealand Banking Group Limited (Representative Office), BurJuman Centre, Level 7, Suite 704, PO Box 121939,
Arab African International Bank 04 2223131
04 3937773
Art Tower, Opposite Dubai Customs
Al Mina Road, Bur Dubai,
P.O. 1049,
Arab Bank for Investment 04 2220151
04 2220152
ARBIFT Tower, Baniyas St., Deira
P.O.Box 5549
Arab Emirates Investment Bank Ltd. 04 2222191 904, Twin Towers,Bani Yas Street,
P.O.Box: 5503, Deira
Bank Muscat Al Ahli Al Omani 04 2222267
Bank Saderat Iran 04 2221161
Bank of Baroda 04 3531955
Bank of Sharjah 04 2827278 Al Garhoud Street, Al Garhoud, Deira
Barclays Bank P.L.C. 04 3351555
HSBC 04 2227161 HSBC Bank Building Baniyas Square, Deira
HSBC Bank Middle East Limited 800 4722 (UAE)
04 2288007
HSBC Bank Building 312/45 Al Suq Road, Bur Dubai, P O BOX 66
Citibank (Main Branch) 04 5074110 Khalid Bin Al Waleed Street, Bur Dubai
Commercial Bank of Dubai Ltd. 04 2121000 Deira, Port Saeed, P.O. Box 2668, Dubai
Commercial Bank International 04 2275265 Al Reqqa Street, Deira, Dubai
Dubai Islamic Bank 04 2953000 Dubai Islamic Bank PSJ
P.O.Box 1080
Emirates Bank (Main Branch) 04 3160316 Beniyas Road, P.O. Box 2923
First Gulf Bank 04 2941234 Al Yamamah Tower, P.O. Box. 52053, Deira
Habib Bank A.G. Zurich 04 2214535 Habib Bank AG Zurich,
Beniyas Square,
P.O.Box 3306 Deira
Lloyds Bank PLC 04 3422000 Al Wasl Road, Jumeirah
Mashreq Bank (Main Branch) 04 2223333 Omar Ibn Al Khatab Road, Next to Al Ghurair Center, Deira
National Bank of Abu Dhabi 04 3599111 Bank Street, near Burjuman Centre
National Bank of Dubai Ltd. (NBD) 04 2222111 Baniyas Road, Deira,
National Bank of Fujairah 04 3971700 Hamad Bin Abdullah Street, P.O.Box2979, Fujairah
National Bank of Ras Al-Khaimah 04 2226291 PO Box 1531, Sultan Business Centre, Dubai
National Bank of Umm Al Quwain 04 3796655
04 3975382
Dubai Main Branch
NBQ Building
Khalid Bin Al Waleed Street
P.O. Box 9175
Philippine National Bank 04 3365940
Real Estate Bank UAE 04 2118888 Umm Ramool – Opposite Dubai Festival City, PB No.34567
Royal Bank of Canada 04 3313196 API World Tower, Office 1002, 10th Floor, Sheikh Zayed Road
Standard Chartered Bank 04 3520455 Al Mankhool Road, P.O. Box 999
U.A.E. Central Bank 04 3939777 PO Box 448 Dubai
Union National Bank 04 2211188 Al Maktoum Street (Al Maidan Tower),
United Arab Bank 04 2220181 Baniyas Street, Deira, Dubai