News Column

ADIB and Barclays conclude sale of UAE Retail Banking business

September 1, 2014

Staff Report

Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) and Barclays announced the formal completion of the sale of Barclays'UAE Retail Banking business with effect from September 1, 2014.

ADIB and Barclays say they will now work closely to ensure the seamless transition of over 110,000 customers onto the ADIB 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. After the transition, ADIB will serve over 700,000 customers across a network of 85 branches, 660 ATMs, internet and mobile platforms backed by two call centres.

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Source: Gulf News (United Arab Emirates)

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