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ADIB completes Barclays unit purchase

Abu Dhabi, September 1, 2014

Abu Dhabi Islamic Bank (ADIB) said it has formally completed the purchase of Barclays’ UAE retail banking business from the British lender.

As per the new deal, ADIB and Barclays will now work closely to ensure the seamless transition of over 110,000 customers onto the Abu Dhabi's banking platform.

To ensure an uninterrupted service, clients will be supported by the 145 staff who have joined ADIB from Barclays while continuing to operate out of their existing branches in Dubai and Abu Dhabi, said a statement from bank..

After the transition, the Emirati bank will serve over 700,000 customers across a network of 85 branches, 660 ATMs, internet and mobile platforms backed by two call centers.-TradeArabia News Service
 




Tags: abu dhabi | Barclays | Purchase | ADIB |

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