The Commercial Bank of Dubai (CBD) was founded in 1969 by an Emiri Decree signed by His Highness, the late Sheikh Rashid bin Saeed Al Maktoum. The bank began as a joint venture between Commerzbank, Chase Manhattan Bank, and the Commercial Bank of Kuwait, with a minority ownership owned by a few UAE businesspeople.CBD achieved a significant milestone in 1982 when it became a national shareholding corporation, resulting in a large operational restructure and capital base growth. This marked a watershed moment in the bank's history, as the government of Dubai became a substantial stakeholder.Commercial Bank of Dubai is now one of the UAE's top banks, providing innovative and tailored personal and business banking services through cutting-edge digital channels such as mobile and internet banking, as well as a substantial branch and ATM network. CBD has been operating in the UAE for over 50 years, managing the financial needs of some of the country's major corporations and businesses, thereby contributing to the UAE's economic growth.
