New Office
Middle East Bank Gets Clearance To Open Singapore Office - Report
Abu Dhabi Commercial Bank is to open a representative office in Singapore this year, the bank is reported to have said.
Abu Dhabi Commercial Bank is to open a representative office in
Singapore this year, the bank is reported to have said.
The United Arab Emirates lender has won approval for the office
from the Monetary Authority of Singapore, it is quoted saying by
Reuters. ADCB launched a representative office in London
five months ago, and has two branches in India.
This publication sought to get a comment from the bank but it was
not available for comment at the time of going to press. The MAS
website made no reference to the bank as far as this publication
could ascertain.
The news service report said several UAE banks are also expanding
in Asia or looking to do so, such as National Bank of Abu Dhabi,
First Gulf Bank and Abu Dhabi Islamic Bank.
