Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Al Masraf opens a new branch in Jumeirah
Al Masraf opens a new branch in Jumeirah

Bank to increase number of branches to 15 in three years

Dubai, UAE (November 18, 2013): Al Masraf (Arab Bank for Investment & Foreign Trade), the premium bank for investments and foreign trade in the region, opened a full-service branch at Umm Suqeim, Jumeirah Road, Dubai. To mark the opening of the fourth branch in Dubai and the ninth in the UAE, Al Masraf hosted a launch ceremony at the new branch. With the bank's headquarters based in Abu Dhabi, it offers a complete line of consumer and investment banking services.  Through its relationship based approach, Al Masraf offers  tailor-made finance solutions especially to its corporate clientele. 

Keeping in mind the business potential of Dubai and knowing it's demography, Al Masraf  has a firm commitment to expand its presence in the region. The branch has a well appointed Corporate Banking unit serving the corporate clients and will soon open a dedicated Corporate Banking branch on Sheikh Zayed Road. The bank has a representative office in Tripoli, Libya and has further expansion plans, moving in to Algerian market.

“Al Masraf is proud to bring its 37-year tradition of operating a full service bank to the people and businesses of the UAE offering the entire suite of banking products on corporate banking, transactional banking, SME financing and business banking. We are extremely delighted to announce the opening of our new elegantly designed branch in Umm Suqeim, signaling our special commitment to customers in this Emirate” said Mr. Faisal Galadari, Chief Executive Officer of Al Masraf.

The bank has an asset base of approximately AED 12.5 billion. One of the major revenue drivers of the bank is its foreign trade business, which reached approximately AED 6.2 billion at the end of September 2013. The bank is currently poised for a significant growth achievement. Al Masraf's cost efficiency and the return on assets is one of the best in market, as more than 45% of its operating income is generated through the non fund based business.

About Al Masraf:

Al Masraf (Arab Bank For Investment & Foreign Trade) was established in 1976 by the Federal Decree no. 50, issued and signed by HH Zayed Bin Sultan Al-Nahyan, the president of the UAE. The Bank is owned by the Federal Government of the United Arab Emirates (42.28%), The Libyan Foreign Bank(42.28%), Libya and Banque Exterieure d'Algerie – Algeria (15.44%).
Al Masraf encompasses the vision, wisdom, and ambition of His Highness Sheikh Zayed Bin Sultan Al Nahayan, and rulers of other Emirates. The bank was formed with the purpose of instilling co-operation amongst the Arab countries and in turn promoting joint economic ventures.
Al Masraf is proud to be marching towards modernization aimed across all levels of the organization. The dynamic mission and ambition to thrive being the 'Preferred, Trusted, and Pioneering' Bank in the region. Al Masraf has developed considerably over the years and continues to enjoys sound correspondent relationships throughout the globe.

Posted by : SAKSHI ADVERTISING & PR, -
Viewed 32110 times
PR Category : Banking & Investments
Posted on : Monday, November 18, 2013  5:09:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Get Festive Ready With Prestige Cosmetics Holiday Collection [8381-Views]
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [5990-Views]
Maserati's innovation on board the Multi 70 trimaran: the technical partnership with Giova... [5758-Views]
PACE to Space [5057-Views]
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlets in Bur Dubai is a ... [4862-Views]
The Luxury Closet's Commitment to a More Sustainable Fashion Future to Change the way Cons... [4837-Views]
Master Chronometer: Raising Standards [4648-Views]
Travel Diaries - ECCO Shoes and Accessories [4386-Views]
Ports Customs and Free Zone Corporation celebrates the 48th National Day [4355-Views]
Arabic version of Zoho Creator launched to help businesses create custom applications [4282-Views]
J.D. Power announces 2019 UAE Sales Satisfaction Index [4252-Views]
Holiday Hair-Styling Essentials from VIERRO [4172-Views]
Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Passenger Pod... [4148-Views]
Huge White Friday Deals Coming to Dubai Festival City Mall [4099-Views]
Indulge in New flavours sprinkled With A Dash of Bollywood & Nostalgia at Hitchki [4087-Views]
Life-changing Raffles Announced for 25th Edition of Dubai Shopping Festival [4081-Views]
Union Coop Pays Tribute to the Martyrs on Commemoration Day' [4063-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [4032-Views]
Trading Enterprises announces the arrival of the new S60 premium sports sedan in the UAE [3965-Views]
Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia [3861-Views]
Emirates Post issues commemorative stamps to celebrate the UAE 48th National Day [3843-Views]
ENEC Releases 'Tasamoh' a Rehabilitated Green Turtle and organizes Beach Cleanup at Barak... [3758-Views]
Robinsons celebrates UAE National Day with leading Emirati brands and a host of family-fri... [3727-Views]
Dunecrest American School Celebrates the UAE National Day [3715-Views]
Revive Your Haute Couture Collections with Champion Cleaners VIP Couture Cleaning Service [3672-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories