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Friday, July 12, 2024

Abu Dhabi Commercial Bank strengthens its commitment to green financing


Abu Dhabi Commercial Bank (ADCB) announces the rebranding of its wholesale banking division to Corporate and Investment Banking, signaling its expanded services for institutions, corporations, and small and medium enterprises (SMEs) in the region. The rebranding highlights ADCB’s expertise in structured finance, treasury and capital markets solutions, as well as its dedication to sustainable finance, including green bonds and loans.

ADCB’s Corporate & Investment Banking division, represented by a new logo, now offers a comprehensive range of industry-leading products and solutions. These include transaction banking, lending services, capital markets advisory, and specialized financing. By integrating financial market solutions, ADCB enhances its lending business and widens its offerings to businesses, including sustainable finance options.

The Corporate and Investment Banking division of ADCB leverages its extensive market knowledge and expertise to meet the evolving needs of its clients. The bank serves as a trusted partner to government entities, financial institutions, large corporations, and SMEs, playing a vital role in the economic ambitions of the region. 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 committed to investing 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 transitioning to a low-carbon economy, with a commitment to providing AED35 billion in green financing by 2030.

ADCB’s rebranding coincides with significant growth in its corporate and investment banking division. This strengthens existing client relationships and establishes new partnerships with corporations and institutions across the region. The bank’s dedication to innovation is evident through advanced technology platforms like 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 lead the way in driving the transition to a more sustainable and resilient economy.

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