Commercial Bank of Dubai (CBD) is a banking and financial services bank in the United Arab Emirates headquartered in Deira, Dubai. With over $23 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets. It also refers to the Dubai Financial Market Index. Bank history The Convention on Biological Diversity was established in 1969, by an Emiri decree issued by the late Rashid bin Saeed Al Maktoum. What started as a joint venture between Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, evolved into a national public shareholding company by 1982. 80% of its shares are owned by Emirati nationals, while the other 20% is owned by the Investment Corporation of Dubai (an investment division of the government Dubai). The bank provides wholesale, corporate, retail, business, small and medium enterprises, private and rich banking services.
