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Thursday, April 18, 2024

ADCB rebrands Wholesale Banking to reflect expanded scope


Abu Dhabi Commercial Bank (ADCB) has announced the renaming of its wholesale banking business to ‘Corporate and Investment Banking’, reflecting the expansion of the range of services offered by the bank. The beneficiaries are institutions, enterprises and small and medium enterprises (SMEs) in the region.

The new Corporate & Investment Banking business covers the division’s market-leading products and solutions, from complex transaction banking and loan servicing, to capital markets advisory and specialist financing such as green bonds and loans.

The recently integrated Financial Markets Solutions offering investment and risk management services such as hedging and FX advice complement the bank’s lending business and round out its comprehensive offering to corporates.

changing needs

ADCB’s Corporate and Investment Banking business has in-depth knowledge and expertise across multiple markets and an in-depth understanding of the changing needs of our clients. Across the region, ADCB is a valued partner to government entities, financial institutions, large corporates and commercial clients, including SMEs, which play an increasing role in the region’s economic ambitions.

The bank also uses its regional network, including its subsidiary in Egypt, to help corporate clients develop cross-border business and investment relationships along growing economic corridors.

The UAE, which will host the COP28 global climate summit in November 2023, is expected to invest AED600 billion (US$163 billion) in clean and renewable energy over the next few decades to achieve its 2050 net-zero emissions strategic plan.

green finance

ADCB will play a key role in mobilizing capital and helping clients transition to a low-carbon economy, and is committed to providing AED35 billion in green financing by 2030.

ADCB’s solutions are based on innovative technologies and digital platforms, such as ADCB ProCash and ProTrade channels for cash management and trade transactions respectively, which further enhance its ability to deliver an exceptional customer experience.

The rebranding follows a period of strong growth in ADCB’s corporate and investment banking business, which has continued to deepen relationships with existing clients and forge new ones with businesses and institutions in the region. trade arab news agency


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