Emirates NBD growing in SEA at expense of India and Iran
Despite a 60% drop in its Q3 profits, the UAE's largest bank has converted its recently-opened representative office in Singapore to a full branch. December 08, 2010 | Peter HoflichThe largest bank in the United Arab Emirates (UAE), Emirates NBD, has decided to convert its recently-opened representative office to a full branch, turning its back on older rep offices in India and Iran. Citing reasons such Singapore’s role as a hub for trade and logistics, and its usefulness as base to expand to China, Malaysia and Indonesia (where it wants to set up its next wave of rep offices), the decision to upgrade to a branch so soon must mean that the rep office has already proven its potential. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Capital & Strategic Issues, Risk and RegulationCapital & Strategic Issues,Risk and Regulation, Capital & Strategic Issues,Risk and Regulation, Keywords:Emirates NBD, UAE, Saudi Arabia, Qatar, Ahmed Humaid Al Tayer Emirates NBD, UAE, Saudi Arabia, Qatar, Ahmed Humaid Al Tayer
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