UAE’s NBAD expands into Malaysia with new branch
National Bank of Abu Dhabi , the largest lender by market capitalization in the United Arab Emirates, has opened its first branch in Malaysia, expanding the bank's global operations to 14 countries.
July 4, 2012 6:05 by Reuters
National Bank of Abu Dhabi , the largest lender by market capitalization in the United Arab Emirates, has opened its first branch in Malaysia, expanding the bank’s global operations to 14 countries.
The wholly-owned subsidiary called National Bank of Abu Dhabi Malaysia Berhad is also its first branch in south-east Asia, the company said in a statement.
The bank will offer wholesale banking services.
“We are strategically positioned to bridge Arab business interests with Malaysia and to promote bilateral trade and investments,” Leong See Meng, CEO of NBAD – Malaysia, said.
(Reporting By Stanley Carvalho; Editing by Rachna Uppal)
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