EIB working on Dubai Bank integration
Dubai, October 14, 2012
Emirates Islamic Bank (EIB), the Islamic banking arm of EmiratesNBD Group, said the ongoing integration of Dubai Bank‘s branches and operations will lead to the creation of stronger, more resilient proposition for customers.
The advantages include access to a significantly expanded network of branches, automated teller machines (ATMs) and cash deposit machines (CDMs).
The migration of the portfolio from Dubai Bank to EIB follows the bank's takeover by Emirates NBD Group in October 2011. The migration process is being led by a unified management team and joint executive committee, both of which were established earlier.
The rebranding of Dubai Bank facilities under the Emirates Islamic Bank umbrella will commence next month. Following the completion of the transition, EIB will become the third largest Islamic Bank in the country.
Commenting on the move, Jamal Bin Ghalaita, the chief executive officer of EIB and Dubai Bank, said, "This ongoing alignment process will provide customers with a wider range of innovative products and services, as well as access to an expanded network of over 45 branches and 100 ATMs and CDMs across the UAE."
“We continue to make substantial progress in merging the operations of these two leading institutions, and are pleased to announce the unification of both brands under the EIB umbrella,” remarked Bin Ghalaita.
“In the weeks and months to come, we will remain in close contact with our customers to ensure that this process is seamless, reflecting our commitment to our core values and customer-centric vision,” he stated.
According to him, the customers of the larger entity will benefit from economies of scale and a more substantial list of payment partners.
"Customers will also have access to a more comprehensive range of Shari’a compliant products and services that span the areas of retail, SME, corporate and investment banking," Bin Ghalaita added.-TradeArabia News Service