Wallets/invest-bank-uae
Invest Bank
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Key details
- Launch: 1975
Overview
Invest Bank is UAE commercial bank + ADX: INVESTB + Government of Sharjah ~50%+ controlling post-Mar 7 2019 bailout + UAE Sharjah ruling Al Qasimi family + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1975 in Sharjah UAE as Sharjah-based commercial bank 1, United Arab Emirates report.
History
1975 — Invest Bank PSC founded in Sharjah UAE as Sharjah-based commercial bank distinctive UAE banking heritage.
Mar 7 2019 — Government of Sharjah acquires ~50%+ controlling stake in Invest Bank for ~AED 1.12B (~$305M) bailout amid Invest Bank financial distress distinctive UAE banking bailout.
2014 — Invest Bank Mobile banking app launch.
Ownership & operator
Operating entity: Invest Bank PSC (UAE commercial bank; ADX: INVESTB).
Major shareholders: Government of Sharjah ~50%+ controlling post-Mar 7 2019 bailout + UAE Sharjah ruling Al Qasimi family + UAE retail + institutional + foreign investors free float.
Regulators: Central Bank of UAE CBUAE.
Technical integration
Invest Bank Mobile app (iOS + Android) + investbank.ae online + Invest Bank branch network across UAE + Invest Visa + Mastercard cards; EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.
Implementations & partners
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) + Bank of Sharjah (BoS) (Bank of Sharjah; ADX: BOS) + Sharjah Islamic Bank (SIB) (Sharjah Islamic Bank SIB; ADX: SIB) + United Arab Bank (UAB) (United Arab Bank UAB; ADX: UAB; CBQ Qatari parent ~40%+ controlling minority).
Regulators: Central Bank of UAE CBUAE.
Status
Active, UAE commercial bank + ADX:INVESTB + Government of Sharjah ~50%+ controlling post-Mar 7 2019 bailout + UAE Sharjah ruling Al Qasimi family + UAE retail + institutional + foreign investors free float + one of UAE's mid-sized commercial banks + founded 1975 in Sharjah UAE as Sharjah-based commercial bank 1, 2.
Sources
- 1 Invest Bank — official
- 2 Invest Bank — Wikipedia
- United Arab Emirates report In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from invest-bank-uae.md. See matrix.md for standards-support matrix if present.