Wednesday 25 May 2011

United Arab Bank set to go against the grain with expansion - The National

United Arab Bank (UAB) plans to boost both its Abu Dhabi branch network and the number of its Emirati customers.

UAB's optimism contrasts with the action of larger rivals that are scaling down operations in the UAE. HSBC, Barclays Bank and Shuaa Capital have all reduced staff numbers in the Emirates in the past month.

The bank, based in Sharjah, will open four branches this year, taking its total to 17 across the UAE. Three will be in Abu Dhabi, with the fourth in Dubai.

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