29 February 2012
ADCB Inaugurates Flagship Commercial Branch in Jebel Ali
- ADCB opens first commercial branch serving SME customers in Jebel Ali Free Zone
Abu Dhabi, 29 Feb 2012: Abu Dhabi Commercial Bank (“ADCB”) announced the inauguration of its newest branch in Jebel Ali Free Zone (“JAFZ”), bringing the total number of branches across the UAE to 50.
The latest addition to ADCB's branch network will be a dedicated comprehensive commercial branch catering to the needs of all companies operating in JAFZ, including multinationals and small and medium enterprises (SMEs). ADCB has launched a customised offering specifically designed for all Jebel Ali Free Zone companies including a trade finance platform (ProTrade) and a cash management platform (ProCash), plus SME products such as the ADCB ‘BusinessEdge Pre-shipment Finance’ for export oriented businesses and ‘BusinessEdge Free Zone Platinum Account’, a premium current account catering to free zone customers.
The new branch cements ADCB’s commitment to service excellence, and is in line with the Bank’s strategy of offering convenient and comprehensive banking services for its corporate and SME customers, with dedicated expert personnel to serve commercial clients. The JAFZ branch and the SME sales and service centres are comprehensive banking centres fulfilling all banking needs for commercial clients from accounts, cash services, transactions, remittances, trade and working capital facilities, pre-shipment finance, commercial vehicle, construction equipment, medical and professional equipment loans.
The mid corporate business is represented by team of 5 dedicated staff who maintain a full time presence in the branch. They provide client coverage in JAFZ and the vicinity with a wide range of asset and liability products and branch banking services.
ADCB has also set up ten dedicated SME sales and service desks at 14 key ADCB branches and are looking to expand this in the future to cover key commercial client concentrations across UAE. This is supplemented by four dedicated SME Centres - operating on a hub and spoke model.
Commenting on the branch opening, Colin Fraser, Head of Wholesale Banking Group at ADCB, said:
“The JAFZ branch is in line with the Bank's expansion strategy in strengthening its position as a pioneer in the corporate and SME markets in locations close to our clients. JAFZ based businesses are an important sector of the UAE economy. The opening of the JAFZ branch as well as our developments in internet and other electronic services are a testament to ADCB’s continued dedication to meet the ever expanding demand of customers by providing them with innovative and easily accessible products and services.”