ADCB
ADCB
-1.55%
8.24
-0.13
ADCB
Abu Dhabi Commercial Bank (ADCB) executed a portfolio transfer agreement with Mubadala Capital under which ADCB will purchase a circa AED 450 million portfolio of asset finance loans for SMEs based in the UAE.
The transaction follows a competitive bid process and aligns with ADCB’s strategy to support the development of SME’s in the United Arab Emirates.
The transaction follows a competitive bid process and aligns with ADCB’s strategy to support the development of SME’s in the United Arab Emirates.
Source:
Mubasher