Dubai Bank launched a new ‘boutique’ branch in Abu Dhabi this week. This move will pave the way for further expansion in the United Arab Emirates (UAE) and mark the opening of more branches throughout the Emirates later this year, according to a bank press release. Dubai Bank, was launched by EMAAR Properties in September 2002.
Conveniently located at Abu Dhabi Mall, Dubai Bank’s new branch offers a full suite of services, including its trademark paperless account opening facility. This allows customers to sign up with a single specimen signature for a full range of products and services, including acquiring cheque books, global ATM cards, cash withdrawals and deposits.
Dubai Bank’s product range includes checking and savings accounts, a Twin Account (which combines checking and savings options in one), a Value Account (which offers preferential rates on high balances) and a Call Account (which invests idle funds that can be withdrawn at short notice). The bank also offers attractive personal and car loans as well as investment products and credit cards.
In addition to Dubai Bank, EMAAR’s subsidiaries also include AMLAK Finance, the UAE’s first and only mortgage company, EMRILL, a joint venture between EMAAR and the UK-based Carillion plc, and Sahm Technologies. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
