Dubai Bank, the new bank to be launched by Emaar Properties, has opened its first branch in the Emirate, stated a press release.
The new financial institution will be involved in all aspects of the banking business and will 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.
Emaar Properties, a public joint stock company has five major real estate projects under development. The new bank is in total conformity with Emaar's core real estate focus, which aims at optimizing the investment of group resources, while actively diversifying the sources of its revenues. Dubai Bank is expected to be a main source of income and profits for the company. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
