Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has announced an expansion plan aiming at improving business banking services across the UAE.
The plan includes strategic collaborations with key partners specialising in serving the small-, and medium-sized enterprises (SMEs) sector, utilising the bank’s wide network across key UAE locations to enhance support for businesses, according to the Emirates News Agency (WAM).
Amit Malhotra, Global Head of Retail Banking at ADIB, commented: “By synergising our physical expansion with digital capabilities, we aim to provide a comprehensive banking experience to all our customers."
“This underscores ADIB's commitment to supporting SMEs, recognising their pivotal role as the driving force behind the UAE’s economy. As we continue to grow and innovate, we remain dedicated to empowering SMEs and driving economic prosperity across the UAE,” Malhotra added.
ADIB recorded a net profit of AED 1.45 billion in the first quarter (Q1) of 2024, a 32% increase from AED 1.10 billion in Q1-23.
