ADCB Launches Commercial Offshore Banking Products
Abu Dhabi, 18 August 2014: Abu Dhabi Commercial Bank ( ADCB ) announced today the launch of commercial offshore banking products through its Jersey branch.
Eligible ADCB wholesale banking clients will now have the option to diversify and preserve their resources with full flexibility and control. Clients will be able to open Current Accounts, Call Accounts & Term Deposits in multiple currencies. ADCB ‘s Jersey Branch makes offshore banking stress-free, allowing clients to easily access their account via secure online portals anywhere in the world.
“We are pleased to announce to the launch of ADCB offshore banking products to our commercial clients through our Jersey branch. It’s a great value proposition that makes our product suite comprehensive,” said Colin Fraser, Head of Wholesale Banking Group. ” ADCB offshore banking is currently available to our commercial, wealth management, and business banking clients, adding wholesale banking to our Jersey branch offering ensures every one of ADCB ‘s clients has access to a suite of world-class products.”
ABCB continually brings its clients effective, reliable and innovative solutions. Collecting awards from Global Finance as the ‘Best Bank in the Middle East for Cash Management’ and Asian Banker as the ‘Best Domestic Cash Management Bank in United Arab Emirates,’ these awards come as a testimony to ADCB ‘s market leading capabilities. ADCB understands the ambitious requirements of its clients and delivers solutions both at home and internationally to suit those needs.
About ADCB :
ADCB was formed in 1985 and as at 30 June 2014 employed over 4,300 people from 61 nationalities, serving over 561,000 retail customers and approximately 43,000 corporate and SME clients in 50 branches, 3 pay offices and 2 branches in India, 1 branch in Jersey and a representative office in London. As at 30 June 2014, ADCB ‘s total assets were AED 198 bn.
ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services.
ADCB is owned 60.2% by the Government of Abu Dhabi (Abu Dhabi Investment Council – 58.08% and Abu Dhabi Government Entity – 2.07%). Its shares are traded on the Abu Dhabi Securities Exchange. As at 30 June 2014, ADCB ‘s market capitalisation was AED 37 bn.
