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Amas Bank Changes its Name
to Hinduja Bank

DUBAI - Amas Bank (Middle East) Ltd, which is registered with DIFC as a Category 3 institution, has announced the change of its name to Hinduja Bank (Middle East) Ltd. This follows the change of its parent name from Amas Bank (Switzerland) to Hinduja Bank (Switzerland).

The bank belongs to the family-owned Hinduja Group, one of the largest diversified business groups in
the world.

“The change reflects the growing strength of the Hinduja name in global business, as well as the group’s increased commitment to the bank in Switzerland. The bank has a strong balance sheet and has steered clear of the financial crisis by focusing on prudent management and investment strategies,” Chief Executive Ivan Schouker said.

“Hinduja Bank (Switzerland) Ltd combines the traditions of Swiss banking with links to the growing economies of South Asia and the Middle East.

At a time when some other banks are retrenching staff, we are investing for the future by hiring new senior executives, creating a banking subsidiary in Dubai and acquiring 40 per cent stakes of one of the oldest Indian stockbrokers, Paterson Securities Ltd,” he said.

business@khaleejtimes.com