GIB to open Abu Dhabi wholesale banking branch
MANAMA, October 27, 2015
Gulf International Bank (GIB) is set to inaugurate its Abu Dhabi wholesale banking branch, in line with its strategy to be a pan-GCC universal bank.
The Abu Dhabi office will build on the bank’s 40 years of experience in the financial sector to leverage the bank’s capabilities, and better service its commercial and corporate customers in the UAE, said a statement.
It has enjoyed continued growth since its beginnings as a GIB subsidiary in 1990, and its upgrade to a wholesale branch will launch an active franchise in the GCC, it said.
The establishment of the Abu Dhabi branch is a result of the increased demand for GIB’s financial solutions and bespoke products and services for customers in the UAE.
Dr Yahya Alyahya, chief executive officer, said: “The latest expansion of the GIB network is a testament to the continued support of its shareholders’ and their confidence in GIB’s banking model, to deliver sustained growth and robust performance.
“In acknowledgement of the challenging geopolitical environment, GIB continues to evolve with confidence and determination. We are committed to the GCC market and will invest in our products and services to deliver a superior customer experience.”
GIB is owned by the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the major shareholder. - TradeArabia News Service
