New Dubai Bank commences operations
Dubai Bank, the fully owned banking subsidiary of real estate major EMAAR Properties, was formally launched this week. The new bank, capitalized at 300 million Emirati dirhams ($81.67 million), commenced commercial operations, offering a range of banking products and services.
At the heart of the bank's new Information Technology (IT)-driven service offerings is the introduction of paperless account opening for the bank's customers and instant fulfillment of key banking services, according to a company press release.
Dubai Bank will be involved in all aspects of the banking business and offer products and services for both individual consumers and corporations through a number of different delivery vehicles, including traditional branches and remote banking facilities such as the Internet, the release stated. — (menareport.com)
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