Abu Dhabi Commercial Bank wins Kazakhstan licence to offer conventional and Islamic bankingAbu Dhabi Commercial Bank’s Kazakh subsidiary has become the first lender in the country permitted to run conventional and Islamic banking under a single license, using an Islamic window, the financial market regulator’s press office said.Madina Abylkassymova, who chairs the Agency for Regulation and Development of the Financial Market, presented the licence on Friday at the 14th Congress of Kazakhstan’s Financiers in Almaty.The license is the final step in establishing the foreign-owned bank and clears it to begin operations in Kazakhstan.The regulator approved the subsidiary, Abu Dhabi Commercial Bank (Kazakhstan), in late March. Its parent is the sole shareholder and has supplied the capital, strategic direction and operational support. At the end of October 2026, the Kazakh unit ranked 21st by assets among the country’s 23 banks.Abu Dhabi Commercial Bank (ADCB) is the third-largest bank in the United Arab Emirates by assets. S&P Global Ratings and Fitch Ratings both rate it A+ for long-term investment grade, with a stable outlook. The Abu Dhabi government owns a controlling 60.77% stake through state investment company Mubadala Investment Company. (ICE ALMATY)

Fonte notizia: INTERFAX