Mashreq opened 16 branches in Abu Dhabi and Al Ain this year

Mashreq bank yesterday said it opened 16 new branches in Abu Dhabi and Al Ain in the first eight months of this year, taking the total tally to 46.

Abdul Aziz Al Ghurair, Chief Executive Officer, said: "Abu Dhabi has always been one of our primary targets for Mashreq's operations, and given the recent market changes and the increase in commercial trade diverted to the capital, our growth plans have been supported. It was essential to expand our business to accommodate the increasing demand for convenient and secure banking solutions within the Emirate and for our presence to reflect the economic boost that Abu Dhabi continues to experience."

The bank said growth plans also include 10 new ATM machines, bringing the total to 46. "Our strategic growth plans remain very much on track, and along with our significant expansion in Abu Dhabi, we have seen the opening of new regional branches in Egypt, Qatar and Kuwait.

"Our overall goal remains unchanged to become the most convenient bank across all the markets in which we have a presence," he said.

The bank has also appointed Ali Moosa as General Manager in Abu Dhabi and Al Ain. Moosa said Emiratisation remains as one of Mashreq's top priorities and the bank has already achieved 47 per cent Emiratisation across all branches in Abu Dhabi.

"As part of Mashreq's ongoing commitment to Abu Dhabi's Economic Vision 2030, there will be an increased focus on the real estate sector. Mashreq has entered into strategic partnerships with leading developers in Abu Dhabi such as Aldar, TDIC & Sorouh to help customers wishing to invest in property in Abu Dhabi, finance their new homes. Mashreq offers these services throughout its Abu Dhabi branches, using a specilsed team of advisors," said Moosa.

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