Wallets/commercial-bank-international-uae
Commercial Bank International (CBI)
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Key details
- Launch: 1991
Overview
Commercial Bank International (CBI) is UAE commercial bank + ADX: CBI + Qatar National Bank QNB QSE: QNBK held ~40% until its 2017 exit + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1991 in Ras Al Khaimah UAE as Commercial Bank International 1, United Arab Emirates report.
History
1991 — Commercial Bank International CBI PJSC founded in Ras Al Khaimah UAE as Commercial Bank International distinctive UAE banking heritage.
2008 — Qatar National Bank QNB Qatari parent acquires ~40%+ controlling minority stake in CBI distinctive UAE-Qatari banking partnership.
2014 — CBI Mobile banking app launch.
Ownership & operator
Operating entity: Commercial Bank International CBI PJSC (UAE commercial bank; ADX: CBI).
Major shareholders: Qatar National Bank QNB (QSE: QNBK) Qatari parent ~40%+ controlling minority + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float.
Regulators: Central Bank of UAE CBUAE.
Technical integration
CBI Mobile app (iOS + Android) + cbiuae.com online + Commercial Bank International branch network across UAE + CBI Visa + Mastercard cards; EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.
Implementations & partners
Parent group: QNB Group (QNB Mobile) (Qatar National Bank QNB; QSE: QNBK; Qatar's largest commercial bank by assets; Middle East + Africa's largest commercial bank by assets).
Major UAE banking + payments competitors: First Abu Dhabi Bank (First Abu Dhabi Bank FAB; ADX: FAB) + Emirates NBD (ENBD X) (Emirates NBD Bank; DFM: EMIRATESNBD) + Abu Dhabi Commercial Bank (ADCB) (Abu Dhabi Commercial Bank ADCB; ADX: ADCB) + Mashreq NEO + NEOPAY (UAE) (Mashreq Bank; DFM: MASB) + RAKBANK (RAKBANK; ADX: RAKBANK; UAE commercial bank) + Commercial Bank of Dubai (CBD) (Commercial Bank of Dubai CBD; DFM: CBD; UAE commercial bank) + Bank of Sharjah (BoS) (Bank of Sharjah; ADX: BOS) + National Bank of Fujairah (NBF) (National Bank of Fujairah NBF; ADX: NBF).
Regulators: Central Bank of UAE CBUAE.
Status
Active, UAE commercial bank + ADX:CBI + Qatar National Bank QNB QSE:QNBK Qatari parent ~40%+ controlling minority + Government of Ras Al Khaimah + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1991 in Ras Al Khaimah UAE as Commercial Bank International 1, 2.
Sources
- 1 CBI UAE — official
- 2 CBI UAE — Wikipedia
- United Arab Emirates report In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from commercial-bank-international-uae.md. See matrix.md for standards-support matrix if present.