The Abu Dhabi Commercial Bank (ADCB), one of the largest banks in the Middle East, sought yesterday to reassure fund investors about their money despite losses this year because of the global financial crisis.
ADCB Fund Management Head, Mark Friedenthal, said the bank aims for high return from fund investment in the long run rather than the short term, adding that the crisis would not prompt any change in such a strategy.
Quoted by the ADCB's monthly bulletin, Excellency, he said the Bank would continue to focus on the UAE and other Middle East markets on the grounds they are more secure and profitable than global markets in the current conditions.
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