Dubai – Mubasher: Mashreq Bank has launched a $1 billion multi-currency certificate of deposit (CD) programme in Hong Kong, which will be available in several currencies.

This programme will help the Dubai-based bank to raise funds in US dollars, Euros, and Asian currencies, including the Renminbi, according to Emarat Al Youm Newspaper.

In February 2018, the Emirati bank announced the collaboration with UK-based Blue Prism in order to boost productivity, reinforce clients’ experience, and offer whole new services.

Mashreq Bank, listed on the Dubai Financial Market (DFM), had previously reported a 7% year-on-year surge in net profit for the full-year 2017, recording AED 2,052.3 million from AED 1,926.4 million.