32 C
Saturday, April 13, 2024

Abu Dhabi Commercial Bank expands focus on green financing


Abu Dhabi Commercial Bank (ADCB) has announced the rebranding of its wholesale banking division to Corporate and Investment Banking, marking the bank’s broader offering to institutions, corporates and small and medium enterprises (SMEs) in the region. The rebranding reflects ADCB’s growing expertise in structured finance, treasury and capital markets solutions, and its commitment to sustainable finance, including green bonds and loans.

Under the new Corporate & Investment Banking logo, ADCB offers a full range of market-leading products and solutions, from transaction banking and lending servicing to capital markets advisory and specialist financing. The integration of financial market solutions further strengthens ADCB’s lending business and broadens its offering to businesses, including sustainable finance options.

ADCB’s Corporate and Investment Banking division leverages its deep knowledge and expertise in various markets to meet the changing needs of its clients. The Bank is a trusted partner to government entities, financial institutions, large corporations and SMEs, playing a vital role in the region’s economic ambitions. With its regional network and affiliated banks in Egypt, ADCB facilitates cross-border business and investment relationships along growing economic corridors.

As the UAE prepares to host the COP28 global climate summit in November 2023, the country has pledged to invest AED600 billion in clean and renewable energy to achieve its 2050 net-zero emissions strategic plan. ADCB is actively mobilizing capital to support clients in their transition to a low-carbon economy, committing to AED35 billion in green financing by 2030.

ADCB’s rebranding comes at a time of significant growth for its corporate and investment banking division, strengthening existing client relationships and establishing new partnerships with corporations and institutions across the region. The bank’s commitment to innovation is reflected in advanced technology platforms such as ADCB ProCash and ProTrade, which enhance cash management and trade transactions, ensuring an exceptional customer experience.

ADCB remains committed to supporting the region’s economic growth initiatives and actively contributes to accessing global capital markets for regional businesses, financial institutions and governments. With an increased focus on sustainable finance, the bank aims to be at the forefront of driving the transition to a more sustainable and resilient economy.


Source link

Related Articles

UAE Streets, Parks, and Malls Buzzing with Eid Al Fitr Festivities, Glorious Gathering

UAE Streets, Parks, and Malls Overflowing with Festive Spirit Amidst the joyous occasion of Eid Al Fitr, the streets, parks, and malls of the United...

UAE Gold Prices Reach New All-Time High, Surging by Dh4.50 per Gram

UAE are advised to stay informed and exercise caution when navigating the gold market, keeping in mind the potential risks and rewards associated with...

Abu Dhabi BAPS Hindu Mandir, Enhancing Visitor Experience Efficient Pre-Registration

Abu Dhabi BAPS Hindu Mandir Unveils Streamlined Pre-Registration System In a significant move aimed at enhancing visitor experience and ensuring a smooth flow of devotees,...

Eid Al Fitr 2024: Heartfelt Blessings from Dubai Ruler and Sheikh Hamdan Spread Joy Across the UAE

Eid Al Fitr 2024: Dubai Ruler, Sheikh Hamdan, and Maktoum Extend Heartfelt Wishes to the UAE Community The sighting of the Shawwal crescent on Tuesday...

UAE President and Abu Dhabi Crown Prince Greenlight Dh2.18 Billion Housing Benefits.

UAE President and Abu Dhabi Crown Prince Greenlight Dh2.18 Billion Housing Benefits Abu Dhabi made a significant announcement on Monday, unveiling housing benefits worth Dh2.18...

Latest Articles