Abu Dhabi Commercial Bank traded at 15.10 this Friday July 3rd, increasing 0.62 or 4.28 percent since the previous trading session. Looking back, over the last four weeks, Abu Dhabi Commercial Bank gained 15.09 percent. Over the last 12 months, its price rose by 10.54 percent. Looking ahead, we forecast Abu Dhabi Commercial Bank to be priced at 14.22 by the end of this quarter and at 13.48 in one year, according to Trading Economics global macro models projections and analysts expectations.
Abu Dhabi Commercial Bank PJSC (ADCB) is a United Arab Emirates-based bank, engaged in the business of retail banking, commercial banking and Islamic banking and the provision of other financial services. The Bank operates in three segments which include, Wholesale banking, Property management, Investments and treasury. Wholesale banking segment comprises of business banking, cash management, trade finance, corporate finance, small and medium enterprise financing, investment banking, Islamic financing, infrastructure and asset finance, government and public enterprises. Property management segment comprises of real estate management and engineering service operations of subsidiaries and rental income earned from properties of the Group. Investment and treasury comprises of central treasury operations, management of the Group’s investment portfolio and interest rate, currency and commodity derivative portfolio and Islamic financing.