The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has granted Abu Dhabi Commercial Bank PJSC permission to establish a subsidiary bank in Kazakhstan, to be incorporated as Abu Dhabi Commercial Bank (Kazakhstan) JSC. The agency also approved the group’s bank holding status in relation to the new bank and authorised the creation of the subsidiary organisation, based on the application and supporting documentation submitted. Abu Dhabi Commercial Bank (ADCB) will be the sole shareholder and will provide the charter capital, strategic management, and financial and operational support in line with Kazakhstan’s legal requirements. The new bank plans to offer a full range of banking services and develop Islamic financing through an “Islamic window” mechanism, with an application for a universal banking licence expected once internal infrastructure is in place and all launch preparations are completed under the new Law on Banks and Banking Activities. The release also highlights ADCB’s profile, including Fitch Ratings of A+/F1/Stable and, as of 31 December 2025, more than USD 210 billion in consolidated assets, more than USD 24 billion in equity, and more than USD 3 billion in net profit, as well as its ownership by Mubadala Investment Company PJSC, which is wholly owned by the Abu Dhabi Government.

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