HH Sheikh Hamdan bin Mohammed appointed Chairman of Dubai Bank

HH Sheikh Hamdan, a Sandhurst graduate, will take over his responsibility with immediate effect. The Bank, to be launched by Emaar later this year, has significant plans to be positioned at the prime mover in the UAE and the regional financial sector.

Commenting on his appointment, HH Sheikh Hamdan said: "The appointment is indeed a new challenge, both for me and the team at Dubai Bank, in setting new standards of excellence in product innovation and customer service. Our vision is to create a complete bank providing a full range of products and services for both corporate and individual customers."

Mr. Mohamed Ali Alabbar, Chairman of Emaar Properties said: "It is our privilege to have HH Sheikh Hamdan as the Chairman of the new Bank and we look forward to the leadership that he will provide in creating a new positioning for Dubai Bank which will be synonymous with modernity, innovation and excellence. Dubai is a city with enormous potential for growth and we believe that Dubai Bank will help to establish the financial landscape for the future."

The launch of Dubai Bank is expected to be a milestone in the Dubai's drive towards setting new standards in the financial sector. The bank plans to be a world-class provider of financial products and services focused on customer quality thereby differentiating itself from others in the sector.

Dubai Bank has been created to reflect the modern image and potential of Dubai as it continues to develop into a world-class commercial and financial hub. The development of entities such as the Dubai International Financial Centre is part of far-reaching plans to establish Dubai as a centre for financial excellence and a city synonymous with strong investment potential, on par with leading global commercial centres such as Hong Kong and Singapore.

Dubai Bank will be involved in all aspects of the banking business and offer products and services for both individual consumers and corporations. This will be implemented through a number of different delivery vehicles, including traditional branches and remote banking facilities such as the internet.

Technology will be a strong enabler, as will adherence to international best practices that will establish Dubai Bank as a world-class institution synonymous with modernity, excellence and innovation.

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