ADCB demonstrates ongoing commitment to Business in the UAE ADCB demonstrates ongoing commitment to Business in the UAE

The event was held at the Abu Dhabi National Exhibition Centre (ADNEC), and was organised by Department of Economic Development of Abu Dhabi, where ADCB was the sole Islamic banking partner supporting the exhibition.

MEMEX is regarded as the most important manufacturing sector trade show in the region, offering a dedicated platform for decision makers to source the latest manufacturing technology, machinery, products and solutions.

The partnership between MEMEX and ADCB Islamic Banking reiterates the bank’s commitment to the manufacturing sector across the UAE, and offers ADCB an ideal opportunity to interact with key leaders, promoting the bank’s full range of SME banking products and services. It also gives the bank a chance to promote their trade services and financing solutions available through its ProTrade platform. ProTrade offers local SMEs the ability to transact and view all their trade transactions.

Amr Al Menhaly, Head of ADCB Islamic Banking said, “We are very proud to be able to participate in MEMEX and act as he sole Islamic banking partner. As a provider of banking solutions under the BusinessEdge brand, we welcome the opportunity to meet and interact with key decision makers in the industry, whilst being ideally poised to offer customised solutions under our Islamic banking range of products and services, offered specifically to our SME banking customers.”

“MEMEX has become a must-attend show for technical and business decision makers from various manufacturing industries and is therefore a perfect fit for our SME banking business which can cater to their business and financial requirements with various tailor made products and on-site consultation offered by our highly experienced and qualified Relationship Managers,” he added.

ADCB remains fully committed to the SME business, its rapid growth and its ability to offer both conventional and Islamic products for customers.

ADCB was formed in 1985 and as on 30 th September 2011 employed over 3,800 people from 48 nationalities, serving over 480,000 retail customers and approximately 34,000 corporate and SME clients in 47 branches, four pay offices and one kiosk in the UAE, and two branches in India. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 183 billion.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic banking, project finance and property management services.

The SME Banking division offers a wide-array of financial products under the brand of ‘BusinessEdge.’ The products cover the entire spectrum of solutions across transaction accounts, trade finance and financing products. It also offers a range of lending products. All the SME products are also available under ADCB Islamic Banking – a Shari’ah compliant banking solution.

ADCB recently won the ‘Best SME Account’ award by Banker Middle East Product Awards 2011 for its BusinessEdge suite of products.


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