Commercial Bank of Dubai

Membership Category:Corporate
Membership No.:0039

Profile of the Company:

Commercial Bank of Dubai (CBD) was established in 1969, as a Public Shareholding Company by an Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai. In the beginning, the Bank started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait with UAE businessmen holding a minority stake.

In 1982, CBD reached a major milestone in its development when it transformed into a National Public shareholding company with major increase in the capital base and significant restructuring of operations. This represented a major turning point in the Bank’s history when the Government of Dubai became a key shareholder holding 20% of its shares.

Over the last 42 years, CBD has developed into a progressive and successful leading banking institution in the United Arab Emirates. CBD is endowed with a strong financial structure and management, as well as a loyal and ever increasing customer base. The Bank is listed in DFM.

The Bank offers a full range of corporate, commercial, consumer and Islamic banking products and services through a network of 26 branches, 2 Cash Offices, 167 ATMs, 42 Cheque Deposit Machines spread across the UAE. CBD has two subsidiaries, namely CBD Financial Services LLC and Al Dana Global Fixed Income Manager Selection Fund.

Represented by:

Lakshmanan Sankaran

Deputy General Manager & Head of Operations & Trade Finance

Laxman’s responsibilities include managing Corporate Operations, Trade Sales & Advisory and Products. Lakshmanan previously was Head of Operations for National Bank of Fujairah in Dubai and Head of Trade Finance at BNP Paribas, New Delhi. Lakshmanan Sankaran is a B.Com, 1st class, CAIIB and CDCS. He has PG Diploma in Export and Marketing Management. He has spent over two decades in Trade Finance. Lakshmanan Sankaran is:

  • Chair of Regional Banking Commission, Mena of ICC Paris
  • Chair of Banking Commission & BOD Member, ICC-UAE
  • Member, ISBP Consulting Group, ICC Paris
  • Member, ICC BPO Consulting Group, ICC Paris
  • Member, AML Task Force, ICC Paris
  • Vice Chair, Middle East Advisory Council of International Institute of Banking Law & Practice, USA
  • Member of GTR MENA Editorial Board
  • Country Correspondent UAE, LC Monitor