Published December 08, 2010
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.
The 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...