Sharjah — United Arab Bank (UAB) has opened three new branches in Dubai, bringing its total number of branches in the UAE to 30.
A ribbon cutting ceremony — led by UAB’s Tony B. Graham, EVP — retail banking, and Yusra Al Baqi, SVP — retail branch management — was held to inaugurate each of the new branches: the Business Bay branch, at the Executive Towers; the Media City branch at Concord Tower; and the Tecom branch, located in the Grosvenor Business Tower. The launches are part of UAB’s drive to expand its footprint in Dubai.
Paul Trowbridge, chief executive officer at UAB said: “The bank’s strategy of prudent and ambitious growth in service delivery infrastructure continues to yield robust results. We strive to provide accessibility and convenience to our growing customer base and we will continue to open traditional high street banking branches in vital commercial and residential areas to cater our customers’ needs with best in class products”. In addition, the bank has seven branches in Sharjah, eight in Abu Dhabi and Al Ain, two in Ras Al Khaimah, one in Ajman, and one in Fujairah.
Graham said: “Today, we are delighted to have eleven branches in Dubai with plans for further expansion in 2015. Continued investment in all service channels including not only branches, but also telephony and digital, enables us to serve our customers on their terms.”
Yusra Al Baqi said: “UAB’s customer strategy revolves around attracting new clients and we will strive to be on our customers’ doorsteps through our prime and prominent locations. Retail banking customers in the UAE today seek choice and convenience in where, how and when they access banking services.” business@khaleejtimes.com
Islamic finance is used towards contributing to environmental, social and humanitarian projects, in line with the spirit of Islam.
banking and finance3 years ago
Originally mandated to raise $200 million, the syndication facility was oversubscribed more than 75%.
banking and finance3 years ago
The net profit surged despite an increase in net impairment provisions, which increased to Dh127.8 million compared to Dh81.1 million for the previous year
banking and finance3 years ago
The bank said its first-half operating profit of Dh1.6 billion is a 4.6 per cent increase compared to the same 2020 period “as a result of increased operating income and reduced operating expense.”
banking and finance3 years ago
Contactless transactions isn’t new, but usage soared quickly due to safety concerns over the Covid-19 pandemic
banking and finance3 years ago