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ADCB unaffected by global downturn
- United Arab Emirates: Tuesday, November 11 - 2008 at 07:53
Abu Dhabi Commercial Bank is in a strong position and has not been affected by the current global financial downturn, said the board chairman of the bank, Eisa Mohammad Al Suwaidi. He told Emirates news agency (WAM) in an interview that ADCB 'registers profits in all its operations in the UAE in general and Abu Dhabi emirate in particular'. Al Suwaidi noted that the bank benefited from the amounts of money infused by the ministry of finance and the central bank into the banking sector to provide liquidity though.
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Jeff Florian, Senior ReporterTuesday, November 11 - 2008 at 07:53 UAE local time (GMT+4)
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